U.S. natural gas futures were higher ahead of the EIA's weekly storage report, with gains supported by a cold shot that's likely to lift demand into the weekend.
U.S. Treasury markets reacted to the Fed's signal of a slower pace of rate cuts ahead with selloffs. Pepperstone said it feels as if markets have overreacted to Fed Chair Powell's message.
Oil dropped in early Asian trade amid weak sentiment. Crude oil will likely see some volatility amid uncertainty surrounding U.S. political developments and new European sanctions targeting Russian oil exports, Tickmill said.