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CRUDEOIL

* Crude oil trading range for the day is 4058-4534.

* Crude oil dropped on concerns that new pandemic curbs and slow vaccine rollouts in Europe will slow a recovery in fuel demand

* OPEC+ compliance with oil cuts rises to 113% in February

* U.S. drillers add most oil & gas rigs in a week since January

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

SELL CRUDEOIL APR 2021 @ 4500 SL 4560 TGT 4430-4380.MCX

NATURAL GAS

* Natural gas trading range for the day is 180-188.4.

* Natural gas slipped on forecasts for milder weather and less demand than previously expected over the next two weeks.

* That decline came despite near record liquefied natural gas (LNG) exports.

* Falling demand and rising output over the past month caused utilities to pull less gas from storage in recent weeks.

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

SELL NAT GAS MAR 2021 @ 184.00 SL 188.50 TGT 179.50-176.50.MCX

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