Weekly Fundamentals - Energy Prices Rebound on Blizzard

Commodities reversed losses late last week amidst hopes of further stimulus from ECB. Energy prices were in addition lifted by unexpected snowstorm in the US. Nymex heating oil futures jumped over +10%, the biggest daily increase in a decade, last Friday on expectations of much strong demand for heating fuels. For the week as a whole, the front-month contract soared +6.57%, the first gain since October 2015.