Natural gas futures rose nearly one percent in American trade even as the dollar index scaled January 4 highs, following earlier data from the US, the world's largest energy consumer, including the EIA report that showed another inventory drawdown. 

As of 08:47 GMT, natural gas futures due in February rose 0.74% to $3.41 per million British thermal units, while the dollar index added 0.02% to 96.08, marking two-week highs. 

Earlier US data showed unemployment claims fell 3 thousand to a total of 213 thousand in the week ending January 12, while continuing claims for the week ending January 5 rose 18K to 1.737 million. 

The Philly Manufacturing Index rose to 17 from 9.4 in December, beating estimates of 9.7 easily. 

The Energy Information Administration reported a drawdown of 81 billion cubic feet in the week ending January 11 in US natural gas stocks, compared to a 91 billion drop in the previous reading, while analysts expected a 73 billion decline. 

Total stocks fell to 2.533 trillion cubic feet from 2.614 trillion in the week ending January 4, making them below the total of the same period in 2018 at 2.610 trillion, while also below five-year averages at 2.860 billion. 

Ripple tilted higher on Thursday, resuming weekly gains which made it the second biggest cryptocurrency anew, which comes following the worst weekly performance in a month last week. 

As of 08:29 GMT, Ripple rose 0.07% to $0.33341, with a session-high at $0.33554, and a low at $0.32650, with Ripple's market value amounting to $13.46 billion. 

Ripple rebounded 6% earlier this week, after marking a 15% loss last week after the Ethereum Classic's network suffered a $1 million security breach. 

Bloomberg recently reported that an ECB member warned that the crypto bubble is starting to already burst. 

Ardo Hansson, governor of Estonia's central bank warned that cryptocurrency are heading to an end, with the world currently witenssing "the collapse" according to him.

It's worth mentioning that Ripple was first launched on March 7, 2015, to start trading at $0.015, with the virtual currency losing nearly two thirds of its value by early 2016 to $0.0059, before rising 5% during 2016 to $0.0063, and then skyrocketing 28,000% to $1.748 by the end of 2017, before marking unprecedented highs in January at $3.30, then losing up to 90% of value on a violent selloff wave that stormed crypto assets this year. 

Ripple then reversed nearly 80% higher in only a few days in September on positive news for the cryptocurrency and its standing between major financial institutions.

Silver futures fell off July 13 highs for the sixth session out of ten, as the dollar index rose from October 16 lows for the fifth session out of six, following earlier data from the US, while the government shutdown is in its fourth week. 

As of 06:49 GMT, silver futures due in March fell 0.69% to $15.53 an ounce, as the dollar index rose 0.04% to 96.10, marking January 4 highs. 

Earlier US data showed unemployment claims fell 3 thousand to a total of 213 thousand in the week ending January 12, while continuing claims for the week ending January 5 rose 18K to 1.737 million. 

The Philly Manufacturing Index rose to 17 from 9.4 in December, beating estimates of 9.7 easily. 

Oil futures fell in American trade even as the dollar index fell off January 4 highs, following earlier data from the US, the world's largest energy consumer and producer. 

As of 06:22 GMT, US crude futures due in February fell 0.76% to $51.90 a barrel, while Brent March futures slipped 0.11% to $61.11 a barrel, as the dollar index shed 0.02% to 96.05. 

Earlier US data showed unemployment claims fell 3 thousand to a total of 213 thousand in the week ending January 12, while continuing claims for the week ending January 5 rose 18K to 1.737 million. 

The Philly Manufacturing Index rose to 17 from 9.4 in December, beating estimates of 9.7 easily. 

The Energy Information Administration reported a drawdown of 2.7 million barrels in US crude stocks in the week ending January 11, compared to a 1.7 million drop in the previous reading, while analysts expected a 1.4 million decline, with total stocks down to 437.1 million barrels, marking them 8% above five-year averages for this time of year. 

Gasoline stocks rose 7.5 million barrels, making them 6% above averages, while distillate stocks, including heating fuel, rose 3 million barrels, making them 3% below averages. 

US output rose 200 thousand bpd last week to a total of 11.9 million bpd, a record high. 

Otherwise, Russian energy minister Alexander Novak announced plans to accelerate the pace of output cuts this year, with the company focused on gradual ones to avoid instability. 

US Oil Rig Count 

Baker Hughes, a US oil services company, reported a drop of 4 rigs in the US oil rig count last week to a total of 873 rigs, after reports US output steadied at 11.7 million bpd, a record high.