Naturalgas trading range for the day is 193.5-206.9 - Kedia Advisory
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Crudeoil
Observations
Crudeoil trading range for the day is 6170-6570
Crude oil dropped amid uncertainty about the globaleconomic outlook
China demand hopes offer support
Market also underpinned by Iraqi export halt and OPEC+ cuts
US crude stockpiles expected to fall in weekly reports
Naturalgas
Observations
Naturalgas trading range for the day is 193.5-206.9
Natural gas fell on forecasts for milder weather and lowerheating demand
Prices declined even though the amount of gas flowing to LNGexport plants remained on track to hit a record high
US natgas withdrawals dip to lowest in seven years this winter –EIA
Average gas output in the U.S. Lower 48 states rose to 100.35bcfd so far in April, up from 99.74 bcfd in March.
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