U.S. Natural GasPressing higher as bullish traders continue to place bets that frigid air arriving in the Rockies and Northern Plains next week will eventually push eastward toward major demand centers. The Feb-2021 contract is 7.1 cents higher at $2.737.
U.S. WeatherThe 6-10 day forecast is calling for above-normal temperatures to cover much of the eastern half of the nation, with below-normal temperatures throughout much of the western half.
U.S. DollarStronger than major rivals as investors are seeking relative safe-haven assets following today's batch of worrisome economic data.
OilSliding lower as expanding lockdown measures in China raised demand concerns and weighed on market sentiment. The Feb-2021 WTI contract is $1.25 lower at $52.37.
Equity MarketsIn retreat after the Commerce Department revealed retail sales declined for the third month in a row during December.
GeopoliticsItalian Prime Minister Giuseppe Conte lost his majority rule after ex-PM Matteo Renzi withdrew his small party over objections to a large COVID aid package.
U.K. Natural GasUK NBP natural gas prices continue to push higher amid forecasts for cold weather and strong LNG prices due to soaring prices in Asia.
Europe WeatherTemperatures are forecast to warm a bit before a breakdown in the polar vortex sends chilly temperatures into much of Europe late week.
OilTracking higher with equity markets on hopes a potential coronavirus aid package would help aid an economic recovery and boost demand.
GeopoliticsSliding lower as expanding lockdown measures in China raised demand concerns and weighed on market sentiment.