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Naturalgas trading range for the day is 172.9-192.7 -Kedia Advisory
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Crudeoil
*Crudeoil trading range for the day is 6250-6570
*Crude oil fell weighed by dampen global economic growth and future energy demand.
*U.S. shale production set to rise to highest on record in May – EIA
*U.S. crude oil and distillate inventories fell last week while gasoline inventories rose unexpectedly
*U.S. SPR crude stocks fall to lowest since Oct 1983 – EIA
Naturalgas
*Naturalgas trading range for the day is 172.9-192.7
*Natural gas edges up higher heating demand over the next week
*US natural gas stocks rise more than expected: EIA
*Refinitiv said average gas output in the U.S. Lower 48 states rose to 100.2 bcfd so far in April, up from 99.7 bcfd in March
*Meteorologists projected the weather in the Lower 48 states would remain mostly colder than normal through May 5.
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