Naturalgas trading range for the day is 183.1-201.5 - Kedia Advisory
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Crude oil
Observations
Crudeoil trading range for the day is 6050-6280
Crude oil drops on economic growth concerns
US Fed expected to raise rates by 25 basis points this week
Latest OPEC+ output cuts of 1.16 mln bpd take effect fromMonday
U.S. crude output fell in February to lowest since December 2022– EIA
Natural gas
Naturalgas trading range for the day is 183.1-201.5
Natural gas fell on rising output
Pressure also seen amid a decline in the amount of gas flowingto U.S. LNG export plants in recent days.
US utilities added 79 billion cubic feet (bcf) of gas into storage
Last week's increase boosted stockpiles to 2.009 trillion cubicfeet (tcf), 525 bcf higher than last year at this time
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