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31/03/2023 10:42:31 AM | Source: Kedia Advisory
Crudeoil trading range for the day is 5960-6180 - Kedia Advisory
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Crudeoil trading range for the day is 5960-6180  - Kedia Advisory

Crudeoil

Crudeoil trading range for the day is 5960-6180

Crude oil gains as a halt in exports from Iraq's Kurdistan region curbs supplies.

OPEC+ unlikely to tweak oil policy in Monday talks

Saudi Arabia's energy minister has said OPEC+ will stick to the reduced target until the end of the year.

US crude oil imports fall to lowest since March 2021 – EIA

 

Naturalgas

Naturalgas trading range for the day is 169.8-184

Natural gas fell on rising output and mild weather forecasts

Average gas output in the U.S. Lower 48 states rose to 98.5 bcfd so far in March from 98.1 bcfd in February.

Working stocks in underground storage amounted to 1,900 billion cubic feet on March 17, the highest for the time of year since 2020

Freeport LNG unexpectedly canceled some cargoes due to issues with one of the plant's three liquefaction trains.

 

 

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