Crudeoil trading range for the day is 5780-6160 - Kedia Advisory
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Crude oil
Observations
Crudeoil trading range for the day is 5780-6160
Crude oil rose as U.S. recession fears eased
The market sentiment was boosted by better-than-expected job growth in the US
Goldman Sachs says demand fears 'overblown'
U.S. inflation data and OPEC report in focus this week
Natural gas
Observations
Naturalgas trading range for the day is 174.5-189.1
Natural gas gains amid forecasts for more gas demand in the week than previously expected.
EIA said utilities added 54 billion cubic feet (bcf) of gas into storage
The amount of gas flowing to U.S. liquefied natural gas (LNG) export plants declined due to spring maintenance.
Average gas output in the U.S. Lower 48 states rose to 101.7 bcfd so far in May, up from a record 101.4 bcfd in April
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