IGI Logo

CRUDEOIL

Crude oil trading range for the day is 5023-5295.

Crude oil gained on hopes the Omicron coronavirus variant would have a less damaging economic impact if its symptoms proved mostly mild

Saudi Arabia raises monthly crude prices to Asia, U.S.

Indirect U.S.-Iran nuclear talks breaks until this week

OPEC+ decided last week to continue increasing monthly supply by 400,000 barrels per day in January

SELL CRUDEOIL DEC 2021 @ 5150 SL 5250 TGT 5040-4980.MCX

NATURAL GAS

Natural gas trading range for the day is 257.1-315.9.

Natural gas fell as forecasts for a warmer-than-usual December soured the demand outlook for the fuel.

The weather was still expected to remain milder than normal through at least the middle of December, keeping overall heating demand low

The U.S. EIA said utilities pulled 59 billion cubic feet (bcf) of gas from storage during the week ended Nov. 26.

Data provider Refinitiv said output in the U.S. Lower 48 states averaged 95.8 billion cubic feet per day (bcfd) so far in December

SELL NAT GAS DEC 2021 @ 300.00 SL 315.00 TGT 284.00-278.00.MCX

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer