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Crudeoil 

*Crudeoil trading range for the day is 6250-6620

*Crude oil gains as investors remained optimistic about China's fuel demand recovery towards the year's second half.

*At the same time, more output cuts planned by OPEC+ from May could constrict global markets further.

*U.S. SPR crude stocks fall to lowest since Oct 1983 – EIA

*Speculators raise U.S. crude oil net longs – CFTC

Naturalgas

*Naturalgas trading range for the day is 192.6-210.8

*Natural gas edged up on forecasts for colder weather and higher heating demand

*Prices were also up as the amount of gas flowing to LNG export plants remained on track to hit a record high for a second month in April

*Speculators turned their net short positions into net long positions for the first time since June 2022.

*Average gas flows to the seven big U.S. LNG export plants rose to 14.1 billion cubic feet per day (bcfd) so far in April

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