Crudeoil trading range for the day is 5680-5960 - Kedia Advisory
Crudeoil
Crudeoil trading range for the day is 5680-5960
Crude oil settle lower on demand concerns
Russia's output cut will take oil production to 9.7 mln bpd through June
Goldman Sachs says Chinese oil demand to surge topping 16 mn b/d
US crude inventories rise unexpectedly to 22-mth high, fuel stocks fall, EIA says
Naturalgas
Naturalgas trading range for the day is 171.3-189.7
Natural gas dropped as gas output is rising and demand is falling due to less cold weather.
EIA said utilities pulled 72 billion cubic feet (bcf) of gas from storage during the week ended March 17.
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.
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