U.S. natural gas futures fell 6%, hitting a 19-month low, according to data released Wednesday. This is due to the meteorological forecast of less cold weather in the region and, therefore, a drop in gas demand expected over the next week.

Gold is again in demand among traders and investors who have found new perspectives as rate hikes are gradually suspending, while bond yields are reducing and the dollar is weakening.

According to the International Aluminium Institute data (IAI), global primary aluminum production in 2022 was 2% higher than the level recorded a year ago. Thus, this industry managed to hit a record, despite the energy crisis.

Head of Commodity Strategy in Danish Saxo Bank Ole Hansen recently said that if the gold exceeds $2075 per ounce, it may hit the historical high in 2023.

OPEC+ countries are likely to leave oil production quotas unchanged at the meeting on February 1. It is driven by the fact that China is balancing between hopes for higher demand and concerns about inflation and the global economic downturn.

Last year U.S. oil and gas transactions declined 13% to $58 billion from 2021, according to energy technology company Enverus. At the same time, transaction volume reached its lowest level since 2005 as buyers became more picky about assets.

Biggest exporter of Australia stated that the recovery of the Chinese economy may limit the natural gas market this year.

On Tuesday, January 24, U.S. natural gas futures fell by 6%. The decline was driven by several reasons, among which is uncertainty about the restart of the Freeport LNG export plant.

The American Petroleum Institute (API) reported a 3.378-million-barrel increase in crude oil inventories for the last week in the U.S. Earlier consecutive reserve increases of 7.615 million and 14.865 million barrels had been recorded.

The EU banned offshore oil imports from Russia, and then the G7 countries put a price cap on exports. After that India became the largest importer of Russian oil offshore.