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CRUDEOIL

Crude oil trading range for the day is 7060-8642.

Crude oil dropped after bilateral talks in Istanbul that the Russia has decided to cut military activity near Ukraine’s Kyiv and Chernihiv.

Kazakhstan to lose 320,000 bpd of oil output after CPC pipeline outage

OPEC+ set for only slight output target increase despite Ukraine

China targets an output of approximately 200 million tonnes of crude oil in 2022 - NEA

BUY CRUDEOIL APR 2022 @ 7700 SL 7400 TGT 8050-8200.MCX

NATURAL GAS

Natural gas trading range for the day is 395.6-426.4.

Natural gas slid with a drop in U.S. crude futures and on forecasts for milder weather and lower heating demand

China targets an output of 214 billion cubic metres of natural gas by 2022 - NEA

Russia resumes sea of Azov LPG exports, that were suspended on Feb. 24

U.S. natural gas storage is expected to end the November-March withdrawal season at 1.393 tcf on March 31, the lowest since 2019.

SELL NAT GAS APR 2022 @ 415.00 SL 426.00 TGT 402.00-395.00.MCX

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