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Crude Oil

Crude oil trading range for the day is 6129-6555.

Crude oil rose amid growing optimism about China's reopening and persistent supply disruptions.

OPEC sees robust global oil demand growth in 2023 after 2022 Chinese contraction

World oil demand in 2023 will rise by 2.25 million barrels per day (bpd), or about 2.3% - OPEC

The Keystone Pipeline that connects fields in Canada to refiners in the US Gulf Coast remained shut.

SELL CRUDEOIL DEC 2022 @ 6450 SL 6550 TGT 6350-6250.MCX

Natural Gas

Natural gas trading range for the day is 501.8-578.4.

Natural gas dropped on forecasts for less cold weather than previously expected in late December

Frigid temperatures and heavy precipitation on the West Coast have fueled natural gas demand at a time when storage inventories are below average.

The Freeport LNG export plant in Texas, expects to begin bringing operations back online by year's end

EIA reported that US production of dry natural gas, is set to break an annual record of 98.0 Bcf/d in 2022.

BUY NAT GAS DEC 2022 @ 525.00 SL 510.00 TGT 550.00-570.00.MCX???????

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