Daily Trading Update

Metals & Mining Pre Market
Tuesday, January 27, 2026 07:59:43 AM ET

• Synopsis:
  • Daily update: Following yesterday’s higher close, futures signal a mixed start this morning with the S&P +0.2% and the Dow (0.5%) thus far in the pre-market.
  • Gold prices are flat today after reaching new record highs during yesterday’s session as investors continue to assess the geopolitical tensions and tariff uncertainties. Note that gold prices are up so far 17% this year after posting strong gains of around 65% in 2025.
  • Deutsche Bank believes gold prices of $6,000/ounce are achievable with a weaker US dollar this year. The bank also anticipates a quarterly peak of $13,000/ton for copper prices in Q2/2026 followed by some moderation in prices from H2/2026 citing potential for recovery in production at several major mines.
  • On the corporate front, Nucor shares are trading lower in the pre-market trading as Q4/2025 results missed expectations across key financial metrics. The company reported that approximately 6.19M tons were shipped to outside customers as compared to 6.06M tons in Q4/2024.
  • In terms of equity research, Morgan Stanley downgraded Alcoa Corp. to equal-weight from overweight with an increased target of $64 from $52.
  • Pre-Market: B +1.2%, NEM +0.5%, FCX +0.4%
• Metals Snapshot:
  • Gold +0.0% to $5,085.20/oz, Monthly +11.7%, YTD +17.1%
  • Silver (3.3%) to $111.68/oz, Monthly +44.7%, YTD +58.2%
  • Copper (2.2%) to $5.89/lb, Monthly +0.8%, YTD +3.6%
  • Nickel (0.6%) to $18,525/mt, Monthly +20.0%, YTD +12.4%
  • Zinc +3.4% to $3,329/mt, Monthly +8.8%, YTD +8.7%
  • Aluminum +0.5% to $3,192/mt, Monthly +8.9%, YTD +7.5%
  • GDX +1.3% to $108.84, Monthly +17.7%, YTD +25.3%
  • GDXJ +1.4% to $146.26, Monthly +18.7%, YTD +26.8%
  • DXY (0.3%) to $96.69, Monthly (1.3%), YTD (1.6%)
  • VIX (0.4%) to $16.09, Monthly +18.7%, YTD +8.0%
• Precious Metals:
  • MUX announced new drill results from the Gold Bar Mine Complex located in the Eureka Mining District of Nevada. Results include the best hole drilled by McEwen to date at Windfall, which returned 5.55 g/t gold over 44.2m. The gold mineralization at Windfall remains open to further expansion in multiple directions. Results from the 2026 drilling program will be used to update the Mineral Resource Estimates, including initial Mineral Resource Estimates for Windfall and Unity Ridge.
  • ABRA.CN reported final assay results completed from the Phase V drilling program at its wholly-owned Diablillos project in Argentina. Highlights included DDH 25-096 which returned 57.0m of 51 g/t silver from 109m downhole and DDH 25-099 which returned 13.0m of 477 g/t silver from 151m downhole.
  • SKE.CN announce that it has received its Environmental Assessment Certificate for the company’s wholly-owned Eskay Creek Gold-Silver Project located in Northwestern British Columbia.
  • FDR.CN announced the successful consolidation of a cumulative 102,360 ha contiguous land package in Southeastern Suriname. The expansion comprises a 36,360-ha exploration concession granted by the Suriname GMD and a 10,000-ha exploitation concession acquired separately by the company.
  • RDS.CN announce assay results from seven new drill holes completed at its wholly-owned O’Brien Gold Project located in the Abitibi region of Quebec. The seven holes are the latest completed as part of the Company’s ongoing 140,000m step-out drill program designed to test the overall scope of gold mineralization at the Project. Highlights included B-25-322W3 intersected 23.37 g/t gold over 4.0m and OB-25-322W4 which intersected 2.37 g/t gold over 11.5m.
  • AYA.CN provided its corporate outlook for FY/2026. Total production is expected between 6.2M-6.8M AgEq, combined from both Zgounder and Boumadine. On the exploration front, a 230,000m drilling program is being planned for. A US listing is expected in H1/2026.
  • EGO announced exploration results of multiple new high-grade zones in Canada (Lamaque Complex) and Greece (Olympias). Highlights include 13.59 g/t Au over 13.5m, 338.66 g/t Au over 1.0m, 18.93 g/t Au, 123.15 g/t Ag, 3.17% Pb and 0.43% Zn over 7.55m and 22.30 g/t Au, 331.19 g/t Ag, 11.74% Pb and 9.70% Zn over 23.4m. The company stated that total exploration spending is expected to increase to between $75M-$85M.
  • CNL.CN reported assay results for two directional diamond drill holes from the Apollo system’s Ramp zone located within the Guayabales Project in Caldas, Colombia. Highlights include 21.33 g/t Au and 13 g/t Ag over 58.10m and 5.00 g/t Au and 10 g/t Ag over 15.00m. Today’s results represent the highest-grade and deepest intercept drilled to date at the Apollo system.
• Base Metals:
  • NUE reported results for the Q4/2025 period highlighted by EBITDA of $918M and net earnings of $1.64 per diluted share. In the steel products segment, earnings declined during the quarter on lower volumes and higher average costs per ton, partially offset by higher average realized pricing. Earnings in Q1/2026 are expected to increase across all three of the operating segments.
  • IE.CN announced a definitive Collaboration and Exploration Agreement with Sociedad Quimica y Minera de Chile SQM to explore for copper in northern Chile. The collaboration will be funded by SQM with an initial commitment of $9M. Upon identifying a Qualifying Copper Deposit, Ivanhoe Electric will have the option to acquire a 50% interest in the deposit and form a 50/50 joint venture with SQM by paying a price equal to twice SQM’s exploration expenditures to date.
  • NEXM.CN reported assay results from an additional three drill holes successfully intersecting high-grade mineralization at the Selebi North Underground deposit, located in Botswana. The highlight was SNUG-25-194 which returned 32.45m of 4.61% CuEq (1.61% Cu, 1.46% Ni). Drill holes were designed to test the strike continuity of mineralization in the down plunge extent of the South Limb of the Selebi North deposit.
• On Deck:
  • Tuesday 27th

Economic: US Consumer Confidence (10:00)

• Wednesday 28th

Central Banks/Politics/Finance: FOMC Meeting (14:00)

• Thursday 29th

Economic: Eurozone M3 Money Supply y/y (04:00), Eurozone Economic Sentiment Indicator (05:00), US Initial Jobless Claims (08:30), US Continuing Claims (08:30), US Productivity (revised) (08:30), US Unit Labor Costs (revised) (08:30), US Trade Balance (08:30), US Factory Orders (10:00)

Metals & Mining Post Market
Tuesday, January 27, 2026 04:22:45 PM ET

• Synopsis:
  • Daily update: Following yesterday’s higher close, equities finished mixed with the S&P +0.4% and the Dow (0.8%). Gold finished +1.9% at $5,178.50/oz, while WTI ended +3.0% at $62.45/bbl.
  • Gold prices reached fresh record highs again as investors remained focused on the ongoing geopolitical tensions and tariff uncertainties. Note that gold prices are up so far 19% this year after posting strong gains of around 65% in 2025.
  • Deutsche Bank believes gold prices of $6,000/ounce are achievable with a weaker dollar this year. The bank also anticipates a quarterly peak of $13,000/ton for copper prices in Q2/2026 followed by some moderation in prices from H2/2026 citing potential for recovery in production at several major mines.
  • In terms of equity research, Morgan Stanley downgraded Alcoa Corp. to equal-weight from overweight with an increased target of $64 from $52.
  • Citigroup raised its silver price target to $150/ounce (vs $100/ounce previously) citing strong speculative demand and physical supply shortage outside the US, as per Bloomberg.
  • Elsewhere, Reuters reported that silver buying by retail traders is showing no signs of slowing down as individual investors net buying stood at about $171M of iShares Silver Trust during yesterday’s session, as per Vanda Research. This represents nearly double the $93M one-day peak set during the 2021 silver squeeze.
  • The precious metals complex was broadly higher with both the GDX and the GDXJ gaining by +1.7% and +2.2% respectively.
  • Notable Gainers: GOLD +16.0%, DNN +6.5%, TMQ +5.7%
  • Notable Decliners: HL (5.5%), NEXA (2.8%), BVN (2.5%)
• Metals Snapshot:
  • Gold +1.9% to $5,178.50/oz, Monthly +13.7%, YTD +19.3%
  • Silver (2.7%) to $112.42/oz, Monthly +45.6%, YTD +59.2%
  • Copper (1.3%) to $5.94/lb, Monthly +1.7%, YTD +4.5%
  • Nickel (0.6%) to $18,525/mt, Monthly +20.0%, YTD +12.4%
  • Zinc +3.4% to $3,329/mt, Monthly +8.8%, YTD +8.7%
  • Aluminum +0.5% to $3,192/mt, Monthly +8.9%, YTD +7.5%
  • GDX +1.7% to $109.29, Monthly +19.7%, YTD +27.4%
  • GDXJ +2.2% to $147.42, Monthly +21.2%, YTD +29.6%
  • DXY (1.2%) to $95.86, Monthly (2.2%), YTD (2.5%)
  • VIX +1.2% to $16.35, Monthly +18.7%, YTD +8.0%
• Notable Gainers
  • +11.2% CNL.CN (Collective Mining): reported assay results for two directional diamond drill holes from the Apollo system’s Ramp zone located within the Guayabales Project in Caldas, Colombia. Highlights include 21.33 g/t Au and 13 g/t Ag over 58.10m and 5.00 g/t Au and 10 g/t Ag over 15.00m. Today’s results represent the highest-grade and deepest intercept drilled to date at the Apollo system.
  • +7.1% RDS.CN (Radisson Mining Resources): announce assay results from seven new drill holes completed at its wholly-owned O’Brien Gold Project located in the Abitibi region of Quebec. The seven holes are the latest completed as part of the Company’s ongoing 140,000m step-out drill program designed to test the overall scope of gold mineralization at the Project. Highlights included B-25-322W3 intersected 23.37 g/t gold over 4.0m and OB-25-322W4 which intersected 2.37 g/t gold over 11.5m.
  • +3.7% MUX (McEwen Inc.): announced new drill results from the Gold Bar Mine Complex located in the Eureka Mining District of Nevada. Results include the best hole drilled by McEwen to date at Windfall, which returned 5.55 g/t gold over 44.2m. The gold mineralization at Windfall remains open to further expansion in multiple directions. Results from the 2026 drilling program will be used to update the Mineral Resource Estimates, including initial Mineral Resource Estimates for Windfall and Unity Ridge.
  • +3.1% SKE.CN (Skeena Resources): announce that it has received its Environmental Assessment Certificate for the company’s wholly-owned Eskay Creek Gold-Silver Project located in Northwestern British Columbia.
  • +3.0% IE.CN (Ivanhoe Electric): announced a definitive Collaboration and Exploration Agreement with Sociedad Quimica y Minera de Chile SQM to explore for copper in northern Chile. The collaboration will be funded by SQM with an initial commitment of $9M. Upon identifying a Qualifying Copper Deposit, Ivanhoe Electric will have the option to acquire a 50% interest in the deposit and form a 50/50 joint venture with SQM by paying a price equal to twice SQM’s exploration expenditures to date.
  • +2.3% NEXM.CN (NexMetals Mining Corp.): reported assay results from an additional three drill holes successfully intersecting high-grade mineralization at the Selebi North Underground deposit, located in Botswana. The highlight was SNUG-25-194 which returned 32.45m of 4.61% CuEq (1.61% Cu, 1.46% Ni). Drill holes were designed to test the strike continuity of mineralization in the down plunge extent of the South Limb of the Selebi North deposit.
  • +0.1% EGO (Eldorado Gold): announced exploration results of multiple new high-grade zones in Canada (Lamaque Complex) and Greece (Olympias). Highlights include 13.59 g/t Au over 13.5m, 338.66 g/t Au over 1.0m, 18.93 g/t Au, 123.15 g/t Ag, 3.17% Pb and 0.43% Zn over 7.55m and 22.30 g/t Au, 331.19 g/t Ag, 11.74% Pb and 9.70% Zn over 23.4m. The company stated that total exploration spending is expected to increase to between $75M-$85M.
• Notable Decliners
  • -5.4% FDR.CN (Founders Metals): announced the successful consolidation of a cumulative 102,360 ha contiguous land package in Southeastern Suriname. The expansion comprises a 36,360-ha exploration concession granted by the Suriname GMD and a 10,000-ha exploitation concession acquired separately by the company.
  • -3.8% AYA.CN (Aya Gold & Silver): provided its corporate outlook for FY/2026. Total production is expected between 6.2M-6.8M AgEq, combined from both Zgounder and Boumadine. On the exploration front, a 230,000m drilling program is being planned for. A US listing is expected in H1/2026.
  • -2.3% NUE (Nucor): reported results for the Q4/2025 period highlighted by EBITDA of $918M and net earnings of $1.64 per diluted share. In the steel products segment, earnings declined during the quarter on lower volumes and higher average costs per ton, partially offset by higher average realized pricing. Earnings in Q1/2026 are expected to increase across all three of the operating segments.
  • -0.6% ABRA.CN (AbraSilver Resource): reported final assay results completed from the Phase V drilling program at its wholly-owned Diablillos project in Argentina. Highlights included DDH 25-096 which returned 57.0m of 51 g/t silver from 109m downhole and DDH 25-099 which returned 13.0m of 477 g/t silver from 151m downhole.
• On Deck:
  • Wednesday 28th

Central Banks/Politics/Finance: FOMC Meeting (14:00)

• Thursday 29th

Economic: Eurozone M3 Money Supply y/y (04:00), Eurozone Economic Sentiment Indicator (05:00), US Initial Jobless Claims (08:30), US Continuing Claims (08:30), US Productivity (revised) (08:30), US Unit Labor Costs (revised) (08:30), US Trade Balance (08:30), US Factory Orders (10:00)

 Energy Pre-Market
Tuesday, January 27, 2026 07:59:50 AM ET

• Oil & Gas:
  • Pricing
    • WTI (0.1%) to $60.53 (Mar))
    • Brent (0.1%) to $65.50 (Mar)
    • Natural gas (5.4%) to $6.431 (Feb)
    • RBOB (0.1%) to $1.819 (Feb)
    • ULSD (2.6%) to $2.500 (Feb)
  • Oil: WTI and Brent are roughly unchanged following losses of (0.7%) and (0.4%) respectively on Monday, incorporating the impact of winter storm Fern, geopolitical headlines, and news the Tengiz oilfield has begun the process to slowly bring back production. The Dollar Index is down another (0.34%) to 96.525. ULSD was up +5.7% as single-digit temperatures settled in across a good portion of the L48. Oil production continues to be curtailed by freezing temperatures with TP ICAP this morning putting that total number at 1.0M bpd. The aircraft carrier USS Abraham Lincoln and several guided-missile destroyers arrived in the Middle East according to Reuters sources while the U.S. Air Force will begin a multi-day readiness exercise across the Middle East “to demonstrate the ability to deploy, disperse, and sustain combat airpower” in the region. The NYT reports the Pentagon has sent additional Patriot and THAAD systems to the Middle East protect U.S. troops from possible Iranian missile strikes. On Venezuela, PetroChina has told its traders not to trade or purchase VZ crude since D.C. took control of that country’s oil supply while Indian refiners are only being offered small volumes of that nations crude as most of that supply heads to the U.S. That according to India refining executive sources of Reuters . API data is due this afternoon ahead of the DOE WPSR tomorrow. The DOE yesterday said 500K barrels were added to the SPR last week.
    • China crude stockpiling: China is expected to add about 300k barrels of crude to its inventories each day this year as new storage capacity comes online, Vortexa analyst Emma Li said during a webinar on Tuesday
  • Natural gas: The February contract is down (5.4%) to $6.431after a +28.9% move higher Monday and a gain of over +115 Bcf the prior five sessions on frigid weather driving strong demand and resulting in freeze-offs across multiple basins. That February contract expires tomorrow while March is down (5.0%) to $3.703. Consensus for EIA storage data due Thursday has a draw of (235) Bcf which compares to the 5-year average of (208) Bcf. Working gas currently stands at 3.065 Tcf, +6.1% above the 5-year average. Preliminary data for week-ending this Friday indicates the potential to break the prior record draw of (359) Bcf. TTF is down (1.1%) to 39.43 Euros per MWh following a fractional move lower on Monday.
• E&P:
  • MTDR increases hedge position and provides updates on 2025 A&D activity and improved well performance
  • XOM said on Monday it has begun its commercial operation of carbon capture and storage, or CCS, with ammonia producer CF Industries in Louisiana. Reuters .
  • MGY was upgraded to equal weight from underweight at Wells Fargo.
  • MTDR was downgraded to equal weight from overweight at Wells Fargo.
• Services:
  • PUMP priced secondary offering and provided Q4/2025 guidance
    • Priced 15.0M share common stock offering priced at $10/share. The offering was upsized from 12.5M.
    • Q4 guidance: Revenue $289-$291M vs FactSet $275.5M, capex $70-$72M vs FactSet $78.2M.
    • 2025 guidance: Revenue $1.269-$1.271B vs FactSet $1.25B, capex $280M-$282M vs prior $270M-$290M
• Pipelines/MLP’s:
  • DKL increases quarterly dividend by 0.4% to $1.125 from $1.12
  • KNTK was downgraded to peer perform from outperform at Wolfe Research.
  • OKE was downgraded to neutral from overweight at JPMorgan, target to $83 from $87.
  • VG was downgraded to neutral from overweight at JPMorgan, target to $11 from $10.
• On Deck:
  • Tuesday 27-January
    • API stockpile data 16:30 ET
  • Wednesday 28-January
    • DOE WPSR 10:30 ET
    • EIA Electric Power Monthly
    • HH February contract expires
    • Earnings post-market LBRT, MUR
  • Thursday 29-January
    • EIA weekly nat gas storage data 10:30 ET
    • Earnings pre-market CNX, VLO
  • Friday 30-January
    • Baker Hughes weekly rig count 13:00 ET
    • EIA Petroleum Supply Monthly
    • EIA Natural Gas Monthly
    • Brent March, RBOB Feb, and ULSD Feb contracts all expire.
    • Earnings pre-market CVX, XOM
    • Brent March, RBOB Feb, and ULSD Feb contracts expire
  • Sunday 1-February
    • OPEC-8 meeting to review market conditions

Energy Post-Market
Tuesday, January 27, 2026 04:48:14 PM ET

• Commodities
  • WTI +2.9% to $62.39 (Mar)
  • Brent +3.0% to $67.57 (Mar)
  • Natural gas +2.3% to $6.954 (Feb)
  • RBOB +2.5% to $1.865 (Feb)
  • ULSD +3.0% to $2.642 (Feb)
• Oil: WTI and Brent both closed up roughly +3.0% to their best levels since October, incorporating ongoing freeze-offs, the U.S. military positioning itself for a possible attack on Iran, the recovery of Tengiz production taking longer than the market was expecting, Pemex offshore production being halted due to weather, while the Dollar Index falls to levels not seen since 2022. At oil’s close the Dollar Index was down (0.79%) while the S&P 500 was up +0.50%. Tensions in the Middle East rose as the USS Abraham Lincoln carrier group entered the region while other reports said Patriot missile systems are being deployed in the region to protect U.S. soldiers. In a statement, the IRGC said they will treat neighbors as hostile if their territory is used to launch an attack against Iran. Pemex in a statement said it shut oil platforms and crude export terminals in the Gulf of Mexico amid bad weather Reports this morning say the Chevron-led Tengiz oilfield in Kazakhstan is said to be restoring less than half its production levels by 7-February, a longer timeline than some traders expected. Production shut-in due to frigid weather is estimated at/around 1.0M bpd while some refineries impacted by the cold come back on line such has Exxon’s Joliet, IL plant. Reuters sources said U.S. officials are working to issue a general license soon that would remove some sanctions on Venezuela’s energy sector. That would be a shift from a previous plan to grant individual exemptions to sanctions for companies seeking to do business in the country. API data just out ahead of the DOE Weekly Petroleum Status Report tomorrow had a crude draw of (247K), a distillate build of +2.0M, while gasoline drew (415K). Heading into tomorrow’s update, gasoline stockpiles have built 10 straight weeks by a combined 51.96M barrels.
• Natural Gas: The February contract closed up +2.3% to $6.954, trading in a $1.00/mmbtu range in the final five minutes of the session as volatility spikes with the expiration of that contract tomorrow afternoon. The March contract closed down (2.0%) to $3.820 as production starts to recover and updated forecasts turn slightly warmer. Early-cycle data for Tuesday has LNG feedgas flows today running at 13.68 Bcf, up roughly 2.0 Bcf from final numbers for Monday with partial recoveries at several USGC terminal from the impacts of winter storm Fern, including power losses. Dry gas production today tracks at/around 94.0 Bcfd (intraday production estimates will be volatile this week). LSEG estimates demand will average 169.0 Bcfd this week and 155.6 Bcfd next week, the latter higher compared to Monday. They estimate demand reached 178.6 Bcfd on 26-January, 2.6 Bcf below the record set back in Jan-2025. TTF closed down (0.5%) to 39.68 euros per MWh.
  • NOAA forecasts: The 6-10 day Tuesday afternoon was colder d/d, specifically TX, OK, IL, ID and MI. The 8-14 day was roughly unchanged compared to Monday.
• Stocks
  • The S&P 500 Energy Index +0.99% vs the S&P 500 +0.41%. The XLE +0.91%. The XOP +0.45% with the vast majority of oil E&P’s closing higher while all gas operators traded lower, CRK (8.9%) and EQT (3.5%) underperforming. US integrated-majors were up +0.9% to +1.5%. The OSX +1.98%, the OIH +1.75%. Service subgroups have pressure pumpers lower, the rest higher with proppants and capital equipment & manufacturing names outperforming. The S&P 1500 R&M Index (0.18%), PBF +2.6% outperforming while CVI (0.6%) and MPC (0.4%) lag. The Alerian MLP ETF +0.91%.
• Trading Highlights:
  • Stocks – Gainers
    • +3.1% ~WFRD~ (Weatherford International): announced a +10.0% quarterly dividend increase.
    • +2.0% ~SLB~ (Schlumberger): was downgraded to sell at Freedom Broker, target $48, as valuations have decoupled from oil market fundamentals and shares now trade above fair value.
    • +1.9% ~MTDR~ (Matador Resources): increases hedge position, provides updates on 2025 A&D activity and highlighted well performance. Looks to now have 35% to 40% of oil production hedged. KeyBanc believes the key items out of the release were well costs (down 10.0% y/y) and well productivity details showing significant outperformance y/y. Was downgraded by Wells Fargo prior to the company update.
    • +1.3% ~MGY~ (Magnolia Oil & Gas): was upgraded to equal weight at Wells Fargo.
    • +1.0% ~CVX~ (Chevron): Companay is pushing Iraq to improve returns on the giant West Qurna 2 oil field as a condition for buying the project from Russia’s Lukoil according to Reuters sources.
    • +0.5% ~OKE~ (ONEOK, Inc): was downgraded to neutral at JPMorgan. While shares can be views as inexpensive at these levels, they worry that OKE could struggle to outperform the group for some time until clarity on the 2026 outlook improves and the company executes against this.
    • +0.4% ~BKR~ (Baker Hughes): following Q4 results Barclays highlighted the diversity of its IET business, much more than just LNG, growth is driven by power, gas infrastructure, and new energy. Stifel reiterated their buy rating.
  • Stocks – Decliners
    • -5.0% ~VG~ (Venture Global): was downgraded to neutral at JPMorgan as near-term supply additions increase LNG price uncertainty.
    • -3.8% ~PUMP~ (ProPetro Holding): priced 15M share secondary at $10.00/share and provided preliminary Q4 revenue and capex guidance slightly above the street.
    • -2.5% ~RRC~ (Range Resources Corp.): TPH&co. expects an in line Q4 print across the board.
    • -0.6% ~CVI~ (CVR Energy): Scotiabank lowered its Q4 EPS estimate to ($0.82) from ($0.51) after the pre-announcement on Monday with most of the cut coming in Fertilizer segment.
• Post-close News:
  • SM Shareholders approve SM Energy and Civitas merger.
  • SUN increases quarterly dividend by 1.2% to $0.9317 from $0.9202
• On Deck:
  • Wednesday 28-January
    • DOE WPSR 10:30 ET
    • EIA Electric Power Monthly
    • HH February contract expires
    • Earnings post-market LBRT, MUR
  • Thursday 29-January
    • EIA weekly nat gas storage data 10:30 ET
    • Earnings pre-market CNX, VLO
  • Friday 30-January
    • Baker Hughes weekly rig count 13:00 ET
    • EIA Petroleum Supply Monthly
    • EIA Natural Gas Monthly
    • Brent March, RBOB Feb, and ULSD Feb contracts all expire.
    • Earnings pre-market CVX, XOM
    • Brent March, RBOB Feb, and ULSD Feb contracts expire
  • Sunday 1-February
    • OPEC-8 meeting to review market conditions