Sell Nat Gas Jun 2022 @ 685.00 SL 710.00 TGT 645.00-620.00.MCX
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CRUDEOIL
Crude oil trading range for the day is 8776-9254.
Crude oil dropped amid reports that some OPEC members are exploring the idea of suspending Russia's participation in an oil-production deal.
Russia and Saudi ministers praised level of cooperation in OPEC+, says Moscow
Russia, UAE see OPEC+ cooperating to stabilize energy prices
US crude, products demand rose in March to highest since Dec – EIA
SELL CRUDEOIL JUN 2022 @ 9100 SL 9250 TGT 8850-8750.MCX
NATURAL GAS
Natural gas trading range for the day is 616.2-710.8.
Natural gas jumped as preliminary data showed a drop in output and power demand in Texas hit monthly record highs.
That price increase came despite forecasts for lower gas demand over the next two weeks than previously expected.
EIA data showed US natural gas stocks rose by 80 billion cubic feet (bcf) last week
Data provider Refinitiv said average gas output in the U.S. Lower 48 states has climbed to 94.9 billion cubic feet per day (bcfd) so far in May
SELL NAT GAS JUN 2022 @ 685.00 SL 710.00 TGT 645.00-620.00.MCX
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