Naturalgas trading range for the day is 155.3-183.3 - Kedia Advisory
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Crudeoil
*Crudeoil trading range for the day is 6650-6850
*Crude oil rose supported by tight global oil supplies and a weaker dollar.
*OPEC+ cuts risk oil supply deficit, threaten economic recovery – IEA
*The IEA said it expected global oil supply to fall by 400,000 barrels per day (bpd) by the end of the year
*U.S. crude inventories rose unexpectedly last week.
Naturalgas
*Naturalgas trading range for the day is 155.3-183.3
*Natural gas gains on short covering and forecasts for colder weather.
*U.S. government report showed a near-normal injection into stockpiles.
*EIA said utilities put a near-normal 25 billion cubic feet (bcf) of gas into storage last week.
*US natural gas production to hit record high in 2023: EIA
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