Crudeoil trading range for the day is 6480-6690 – Kedia Advisory


*Crudeoil trading range for the day is 6480-6690

*Crude oil dropped on concerns about a weakening global economic outlook.

*Saudi maintains crude supply to Asian refiners despite OPEC+ cuts

*Progress on resuming Iraq northern oil exports in view

*US inflation data to help investors gauge Fed rate hike path



*Naturalgas trading range for the day is 161.6-193.2

*Natural gas rallied on short covering amid forecasts of slightly colder weather.

*However, the weekend data pointed to an exceptionally light demand in the next seven days and in April 21-24

*U.S. energy firms cut the number of oil and natural gas rigs operating for a second week in a row.

*EIA said utilities pulled 23 billion cubic feet (bcf) of gas from storage during the week ended March 23.



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