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CRUDEOIL

Crude oil trading range for the day is 6421-7373.

Crude oil rose after Moscow ordered troops into two breakaway regions in eastern Ukraine, adding to supply concerns

Iraq's oil minister says crude oil supply, demand is in balance

U.S. and European allies poised to announce new Russia sanctions

Nigerian minister says no need to increase oil production

SELL CRUDEOIL MAR 2022 @ 6980 SL 7100 TGT 6850-6760.MCX

NATURAL GAS

Natural gas trading range for the day is 323.3-367.3.

Natural gas eased on a continued slow recovery in output from cold weather-related reductions and forecasts for less heating demand

The United States and Europe have said they would sanction Russia if it invaded Ukraine, likely prompting Russia to cut some gas exports to Europe.

Russia provides around 30-40% of Europe's gas supplies, totaling about 16.3 billion cubic feet per day (bcfd) in 2021

Russia ready to increase gas supplies to Italy

SELL NAT GAS FEB 2022 @ 346.00 SL 360.00 TGT 330.00-332.00.MCX

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