<div id="readability-page-1"><div>Petroleum contracts were trading higher late Tuesday morning, led by sharp gains in distillate values on forecasts of an extended cold snap across much of the eastern United States. The NYMEX February ULSD contract was up 9.14cts to $2.329/gal in light trading, while the more-active March contract was 7.07cts higher at $2.2931/gal at about 11 a.m. ET. If the those gains hold through settlement, the front-month contract would end the session above $2.30/gal for the first time since early December. The expected cold weather could boost diesel demand from large users able to switch from natural gas to diesel for heating and power needs should natural gas utilities interrupt their service. With the end of the month approaching, most activity in RBOB futures were focused on the NYMEX March RBOB contract. February RBOB was up 3.5cts to $1.8202/gal while March prices were 3.29cts higher at $1.8467/gal. The day's gains were sending U.S. oil prices back above the $60/bbl mark, with the February West Texas Intermediate contract up 88cts to $60.32/bbl and March WTI 75cts higher at $60.09/bbl. The March Brent crude contract was trading 74cts higher at $64.68/bbl and April Brent was up by about the same to $63.96/bbl. The gains in petroleum futures came despite even as stocks weakened following President Trump's weekend threat to impose additional tariffs on European countries that oppose his efforts to take control of Greenland. Dollar-denominated energy contracts also were receiving support from a steep decline Tuesday in the dollar, which was down 0.91% against a basket of foreign currencies. A weaker dollar makes energy contracts less expensive for traders using foreign currencies. Weekly petroleum supply and demand data from the Energy Information Administration will be released on Thursday, a day later than usual, because of the federal Martin Luther King Jr. holiday on Monday. <pre>- - </pre> This content was created by Oil Price Information Service, which is operated by Dow Jones &amp; Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal. Reporting by Steven Cronin, scronin@opisnet.com ; Editing by Jeffrey Barber, jbarber@opisnet.com (c) 2026 Oil Price Information Service, LLC. All rights reserved. (END) Dow Jones Newswires01-20-26 1203ET</div></div>

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