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Naturalgas trading range for the day is 186.8 199.6 - Kedia Advisory
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Crudeoil
Observation
Crudeoil trading range for the day is 5540-5850
Crude oil dropped as U.S. crude oil stockpiles posted a surprise large build last week
US plans to purchase 12 mln barrels of oil for reserve this year
Economic outlook and energy transition to curb oil demand growth from 2024
US crude oil inventories unexpectedly rise: API
Natural Gas
Naturalgas trading range for the day is 186.8-199.6
Natural gas dropped as North Dakota monthly natgas output rises in April
An anticipated heatwave from June 21-28 is likely to boost demand for gas to produce power for air conditioning.
US output is falling from May's record level of 102.5 bcfd.
Gas flowing to U.S. LNG export plants dropped to a five-month low due to maintenance at several facilitie
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