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Crude Oil

Crude oil trading range for the day is 5985-6441.

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

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

President Vladimir Putin's threatened to cut production in retaliation to a Western price cap on Russian crude.

U.S. shale oil output to keep growing, at snail's pace – EIA

SELL CRUDEOIL DEC 2022 @ 6350 SL 6450 TGT 6220-6150.MCX

Natural Gas

Natural gas trading range for the day is 529.7-605.7.

Natural gas rose amid forecasts for much colder weather and higher heating demand than previously expected.

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.

SELL NAT GAS DEC 2022 @ 585.00 SL 605.00 TGT 560.00-550.00.MCX

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