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CRUDE OIL

Crude oil trading range for the day is 6168-6938

Crude oil slides on China demand concerns, easing supply worries

Struggling Chinese demand, rising COVID cases in focus

U.S. crude imports fall to lowest since May 2021 – EIA

Saudi crude exports rise to 7.72 mln bpd in September

SELL CRUDEOIL DEC 2022 @ 6600 SL 6750 TGT 6400-6300.MCX

NATURAL GAS

Natural gas trading range for the day is 481.3-541.7.

Natural gas dropped on forecasts for less cold weather and lower heating demand through late November than previously expected.

Freeport LNG export plant in Texas may not return to service this month as repair work and efforts to secure regulatory approvals are still ongoing

Freeport LNG has said repeatedly said the plant, which shut after an explosion on June 8, would return in November

U.S. natgas output, demand to hit record highs in 2022

SELL NAT GAS NOV 2022 @ 520.00 SL 540.00 TGT 500.00-490.00.MCX

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