Naturalgas trading range for the day is 179.9-192.7 - Kedia Advisory
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Crudeoil
Observation
Crudeoil trading range for the day is 5390-5840
Crude oil dropped amid persistent concerns around the demand outlook
Concerns about China's fuel demand growth and rising Russian crude supply weighed on prices
Goldman Sachs Group Inc. cutting its price forecast by nearly 10 percent.
U.S. crude oil stockpiles fell unexpectedly last week, while distillate and gasoline inventories rose
Natural Gas
Naturalgas trading range for the day is 179.9-192.7
Natural gas eased on forecasts for less demand than previously expected.
Average gas output in the U.S. Lower 48 states eased to 102.3 billion cubic feet per day (bcfd) so far in June
Meteorologists projected the weather in the Lower 48 states would remain mostly near normal through June 20.
EIA report showed US utilities added 118 billion cubic feet of gas into storage
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