Crudeoil trading range for the day is 6270-6510 -Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Crudeoil
*Crudeoil trading range for the day is 6270-6510
*Crude oil recovered buoyed by fairly strong data y in U.K. and eurozone.
*U.S. crude oil inventories last week fell more than forecast as refinery runs and exports rose.
*Oil loading from Russia's western ports in April is likely to rise to the highest since 2019, above 2.4 mbpd
*U.S. crude stockpiles in the Strategic Petroleum Reserve fell last week to the lowest since October 1983.
Naturalgas
*Naturalgas trading range for the day is 174.3-190.9
*Natural gas dropped on a bigger-than-expected storage build.
*Pressure also seen on forecasts for milder weather and weaker-than-anticipated heating demand.
*The latest EIA report showed US utilities added 75 bcf of gas into storage last week
*US gas demand, including exports, is estimated to rise from 95.6 bcfd this week to 96.8 bcfd next week
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
