NatGas Futures Surge Further on Supply/Demand Mismatch

Energy products are generally outperforming early Monday, with NatGas futures on the front foot and continuing recent outperformance on colder weather forecasts in east Asia prompting a diversion of supplies from mainland Europe. This has helped further support the ~15% rally from last week's lows.

WTI and Brent crude futures also trade with gains, albeit more modest ones. Both benchmarks are higher by around 1% apiece.

In metals space, precious metals are soft as the firmer equity outlook crimps demand - spot gold and silver are lower by 0.4-0.8%, with the weak dollar possibly limiting losses in recent trade.

Focus remains on the key central bank meetings due later this week, most notably the Fed, which announce policy on Wednesday.