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Crude oil

Crude oil trading range for the day is 6553-6663.

Crude oil gains as optimism about increased demand for fuel from China after the countryabruptly ended its Covid restrictions helped as well.

Brent crude logs 10% gain in 2022, WTI records 7% increase

Year marked by Ukraine war supply concerns, Chinese demand drop

Heading into 2023, China's COVID spike hurts demand outlook

SELL CRUDEOIL JAN 2023 @ 6650 SL 6750 TGT 6550-6450.MCX

Natural gas

Natural gas trading range for the day is 368.5-379.7.

Natural gas dropped on forecasts for warmer weather over the next two weeks, despite abigger than expected storage draw.

EIA said utilities pulled 213 billion cubic feet (bcf) of gas from storage due to severe cold

Estimated 315 heating degree days (HDDs) over the next two weeks in the lower 48 U.S.states, down from 327 HDDs estimated

Gas output was up about 10 bcfd over the past four days in the U.S. lower 48 states

SELL NAT GAS JAN 2023 @ 380.00 SL 400.00 TGT 350.00-335.00.MCX

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