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Natural gas trading range for the day is 173.8-188.8 - Kedia Advisory
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Crude Oil
Observation
Crudeoil trading range for the day is 5740-6040
Crude oil rose after a U.S. debt ceiling deal averted a default
US SPR crude stocks fall to lowest since Sept. 1983 – EIA
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.6 million barrels last week, the EIA said.
Gasoline stocks fell by 200,000 barrels in the week, the EIA said
Natural Gas
Observation
Naturalgas trading range for the day is 173.8-188.8
Natural gas rose about on forecasts for more demand over the next two weeks.
The price jump occurred despite near record U.S. output and continued low amounts of gas flowing to LNG export plants.
Average gas output in the U.S. Lower 48 states has eased to 102.4 billion cubic feet per day (bcfd) so far in June
U.S. exports to Mexico have risen to 7.6 bcfd so far in June, up from 5.9 bcfd in May
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