Crudeoil trading range for the day is 5660-5970 - Kedia Advisory
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Crudeoil
Crudeoil trading range for the day is 5660-5970
Crude oil gains as China is expected to drive a 2 mbls rise in daily global demand
OPEC+ likely to stick to its guns despite price slump
US crude oil inventories rose by 1.1170 million barrels
Crude stocks at the Cushing, Oklahoma delivery hub fell by 1.063 million barrels
Naturalgas
Naturalgas trading range for the day is 175-195.8
Natural gas dropped as output rises, demand declines
Average US gas demand, is expected to fall to 108.3 bcfd next week from 116.2 bcfd this week due to milder weather.
Average gas output in the US Lower 48 states grew to 98.7 bcfd this month, up from 98.2 bcfd in the previous period
Gas flows to LNG export plants have been on track to hit record highs after Freeport LNG's export plant in Texas became operational again
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