U.S. Natural Gas futures declined as warmer January weather forecasts across the eastern two-thirds of the country reduced heating demand. Domestic stockpiles saw a smaller than expected draw of 51 billion cubic feet, well below the 120 billion cubic feet five-year average. Meanwhile, WTI Crude Oil futures consolidated near $58 following an annual loss driven by a global supply surplus of 2 million barrels per day. Despite an EIA report showing a 1.9 million barrel decrease in inventories, high production levels and storage surpluses in China continue to weigh on the market.