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• US natural gas futures jump on colder weather
  US natural gas futures jumped over 3% on Monday from a near four-year...
  US natural gas futures jumped over 3% on Monday from a near four-year low last week on forecasts for colder weather and higher heating demand in February, record liquefied natural gas (LNG) exports and a continued slowdown in daily output.
  
  On Friday, the contract closed at its lowest since March 2016. Since hitting an eight-month high of $2.905 per mmBtu in early November, futures have collapsed 33%.
  
  Meteorologists projected the weather in the US Lower 48 states will turn colder from Feb. 4-11 from warmer than normal now. That is much cooler than last week's outlook. So far this winter has been much milder than usual with average daily temperatures 3 degrees Fahrenheit higher than normal in December and 5 degrees higher in January.
  
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  Front-month U.S. natural gas futures on Tuesday rose 0.030 cents to $1.908 per MMBtu.
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• Oil rebounds from coronavirus-related sell-off, snaps 5-day losing streak
  Oil futures edged up on Tuesday after falling...
  Oil futures edged up on Tuesday after falling for five days, gaining support from a rebound in Wall Street stocks and talk that OPEC and its allies might tighten the market amid fears the coronavirus could weigh on oil demand.
  
  Brent futures rose 13 cents, or 0.2%, to $59.43 a barrel, while U.S. West Texas Intermediate crude gained 34 cents, or 0.6%, to settle at $53.48 per barrel.
  
  “WTI is correlating to U.S. equities, which are stronger,” said Bob Yawger, director of energy futures at Mizuho in New York.
  
  On Monday, both benchmarks dropped to their lowest since October with Brent down as much as 18% and WTI falling as much as 21% from highs hit earlier in January due to U.S.-Iran tensions. The contracts are on track for their biggest monthly declines since May.
  
  Oklahoma crude oil prices as of 5 p.m. Tuesday: 
  Oklahoma Sweet: Sunoco Inc.   —$50.00
  Oklahoma Sour: Sunoco Inc.   —$38.00
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• API Reports a Surprise Draw in Crude
  The American Petroleum Institute (API) reported on Tuesday a surprise large crude oil inventory...
  The American Petroleum Institute (API) reported on Tuesday a surprise large crude oil inventory draw of 4.27 million barrels for the week ending January 24, compared to analyst expectations of a 482,000-barrel build in inventory.
  
  Last week saw a build in crude oil inventories of 1.57 million barrels, according to API data. The EIA’s estimates, however, were of a draw of 400,000 barrels for that week.
  
  Cushing inventories rose by 1.02 million barrels.
  
  The U.S. Energy Information Administration (EIA) report on oil inventories is due to be released Wednesday at 10:30 a.m. EST. We will have a recap on that available in our Friday Snippets Report.
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• Brigham Minerals Inc (NYSE:MNRL) Expected to Announce Quarterly Sales of $28.64 Million
  Analysts forecast that Brigham Minerals Inc (NYSE:MNRL)...
  Analysts forecast that Brigham Minerals Inc (NYSE:MNRL) will post sales of $28.64 million for the current quarter, Zacks reports. Five analysts have provided estimates for Brigham Minerals’ earnings, with the highest sales estimate coming in at $30.00 million and the lowest estimate coming in at $26.49 million. The firm is expected to report its next quarterly earnings report on Thursday, February 6th.
  
  According to Zacks, analysts expect that Brigham Minerals will report full-year sales of $96.49 million for the current year, with estimates ranging from $94.09 million to $98.00 million.
  
  Brigham Minerals, Inc owns and operates a portfolio of mineral and royalty interests in the continental United States. The company primarily holds mineral and royalty interests in the Permian Basin in West Texas and New Mexico; the SCOOP/STACK plays in the Anadarko Basin of Oklahoma; the Denver-Julesburg Basin in Colorado; and Wyoming and the Williston Basin in North Dakota.
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• Oil prices log lowest finish in over 3 months as coronavirus stokes fears of weak demand
  MarketWatch -Oil prices fell for the fifth session in a row on Monday, settling at their lowest...
  MarketWatch -Oil prices fell for the fifth session in a row on Monday, settling at their lowest in more than three months, as the growing death toll and spread of China’s deadly influenza over the weekend incited fresh fears that the illness could hurt global energy demand.
  
  “The virus is fuelling fears of the cooling of oil demand, which would mean that the global oil market would be oversupplied to an even greater extent if no further measures are taken to reduce supply,” said analysts at Commerzbank, in a note to clients.
  
  West Texas Intermediate crude for March delivery declined by $1.05, or 1.9%, to settle at $53.14 a barrel. Prices for the front-month contract, which fell 7.5% last week, settled Monday at their lowest since Oct. 15.
  
  March Brent crude fell $1.37, or 2.3%, to $59.32 a barrel following a 6.4% decline last week. Prices for the global benchmark logged their lowest finish since Oct. 21.
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