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CRUDEOIL

Crude oil trading range for the day is 5507-6061.

Crude oil gained as the US Energy Department said it has no plans to tap the nation’s oil reserves at the moment

OPEC+ caution and money behind reluctance to pump more oil

OPEC figures show 43% plunge in oil-export income in 2020

Russia's Sorokin sees oil market balance at $45-60/bbl

SELL CRUDEOIL OCT 2021 @ 5600 SL 5680 TGT 5500-5440.MCX

NATURAL GAS

Natural gas trading range for the day is 389.9-451.3.

Natural gas slipped as global prices slid from record highs and U.S. utilities added more gas to storage than usual for a fourth week in a row.

Russian President Vladimir Putin promised that the gas-rich nation would send more natural gas to Europe.

The U.S. Energy Information Administration said U.S. utilities added 118 billion cubic feet (bcf) of gas into storage during the week ended Oct.

Data provider Refinitiv said gas output in the U.S. Lower 48 states rose to an average of 91.9 bcfd so far in October from 91.1 bcfd in September

BUY NAT GAS OCT 2021 @ 424.00 SL 415.00 TGT 440.00-452.00.MCX

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