WTI Crude Oil futures are seeing significant price action, hitting levels not seen since 2014. If the monthly close remains above the 200-month moving average, it would mark a major shift in a twelve-year trend. While oil continues its rally, U.S. stock index futures, gold, silver, and copper are trading lower. A strengthening U.S. dollar remains a primary headwind for most commodities outside of the energy sector. Looking ahead, market participants should monitor policy updates from Miami and a busy earnings slate including Hewlett Packard and BioNTech. Key economic data points include Australian business confidence and the U.S. auction of $58 billion in three-year notes.