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Crude oil

* Crude oil trading range for the day is 4242-4574

* Crude oil prices moved sharply lower amid concerns about the outlook for energy demand.

* Data from the American Petroleum Institute industry group showed U.S. crude oil stocks rose by 3.9 million barrels in the week to March 26

* Saudi wants OPEC+ to extend oil cuts into June

* U.S. gasoline demand exceeds 2020 levels for first time in 2021

SELL CRUDEOIL APR 2021 @ 4490 SL 4560 TGT 4400-4350.MCX

Natural gas

* Natural gas trading range for the day is 186-197.

* Natural gas fell on bets that milder weather would curb heating demand, but losses were capped by record liquefied natural gas (LNG) exports

* EIA said U.S. utilities pulled 36 billion cubic feet (bcf) of gas from storage during the week ended March 19

* Refinitiv projected average gas demand, including exports, would rise from 98.6 bcfd this week to 99.4 bcfd next week

* Output in the Lower 48 U.S. states averaged 91.1 bcfd so far in March, up sharply from a 28-month low of 86.5 bcfd in February

BUY NAT GAS APR 2021 @ 190.00 SL 185.00 TGT 196.00-199.00.MCX

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