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Crudeoil

Observation

Crudeoil trading range for the day is 5882-6118.

Crude oil gains as additional sanctions on Iran and Russia ratcheted up supply worries

Stocks of crude oil in the United States edged lower from the previous week in the second week of December

Kazakhstan will break its commitment to OPEC+ production limitations in 2025, by raising oil output next year.

Barclays lowers its 2025 Brent price outlook to $83 per barrel

SELL CRUDEOIL DEC @ 6020 SL 6100 TGT 5920-5840. MCX

Naturalgas

Observation

Naturalgas trading range for the day is 264.5-303.1.

Natural gas climbed on rising flows to the nation's LNG export plants and expectations utilities pulled more gas

Average gas output in the Lower 48 U.S. states rose to 103.1 bcfd so far in December, up from 101.5 bcfd in November.

Meteorologists projected weather in the Lower 48 states would remain mostly warmer than normal through Jan. 1.

The amount of gas flowing to the eight big LNG export plants operating in the U.S. rose to an average of 14.0 bcfd so far in December

SELL NATURALGAS DEC @ 292 SL 298 TGT 285-280. MCX