Crudeoil trading range for the day is 6470-6790 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Crudeoil
*Crudeoil trading range for the day is 6470-6790
*Crude oil gains amid hopes of Chinese stimulus.
*US crude stocks in SPR fall to lowest since Nov 1983 – EIA
*US crude output rose in January to highest since March 2020 – EIA
*Money managers raised their net long U.S. crude futures and options positions – CFTC
Naturalgas
*Naturalgas trading range for the day is 171-189.6
*Natural gas dropped pressured by higher supply and a milder weather outlook.
*The data pointed to an exceptionally light demand in the next seven days and in April 21-24
*U.S. energy firms cut the number of oil and natural gas rigs operating for a second week in a row.
*EIA said utilities pulled 23 billion cubic feet (bcf) of gas from storage during the week ended March 23.
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
