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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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