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[BRIEFING.COM] January crude oil began trending upwards early in its overnight session and has remained in positive territory since. Ahead of this morning's inventory data, which calls for a consensus calls of a draw of 2000K, crude is 1.4% higher at $71.67 per barrel. Following the data, which was a draw of 3689K, crude pushes to fresh highs of $72.37 per barrel. Currently, crude is 2.2% higher at $72.27 per barrel.
January natural gas traded in the black overnight, but reversed early this morning and pushed to session lows of $5.438 per MMBtu. Natural gas has since bounced off those lows, temporarily moving back into positive territory before losing its momentum again. Currently, the January contract is trading 0.5% lower at $5.498 per MMBtu.
The US Dollar Index is trading in the red and is just above its morning low, which is providing price support in the precious metals group. February gold and March silver has been in positive territory and have pushed to fresh highs in recent activity to $1140.60 per ounce and $17.715 per ounce, respectively. Gold is currently 1.4% higher at $1138.5 per ounce, while silver is 1.5% higher at $17.71 per ounce.
