WTI Crude Oil and Natural Gas futures traded lower.

WTI Crude Oil futures traded lower as prices came off their intraday highs, negating some of the buying pressure seen late last week. April WTI Crude Oil futures traded just above 94.00, while the May contract settled near 92.50. Market attention remained on shipping through the Straits of Hormuz; as shipments continued through the weekend without escalation, initial concerns eased, providing short-term selling pressure. Despite the daily decline, WTI Crude Oil futures remain near four-year highs. In other energy markets, Natural Gas futures fell approximately 5%, returning toward the 3.00 level, which marks the lower end of its recent trading range.