WTI Crude Oil hovers near $60 while Natural Gas futures surge on frigid weather.

WTI Crude Oil futures hovered near $60 per barrel as the market digested recent comments from the U.S. President regarding transatlantic relations and potential trade implications. Simultaneously, Natural Gas futures experienced significant volatility, rallying sharply on forecasts of an arctic blast affecting the eastern U.S. This cold front is expected to drive heating demand, pushing prices off recent lows. The IEA also updated its global demand forecasts, noting a shift in expected supply surpluses. Key technical levels for February Natural Gas were identified at $5 and $3.