The bitter cold persists and the U.S. grid remains under immense strain. From the Carolinas to Northern Florida, utilities are asking customers to reduce power consumption today for fear demand overwhelms supply.

This comes as President Trump's reshuffled Federal Energy Regulatory Commission makes their first appearance before congressional lawmakers this week. Electricity reliability will be in the spotlight.

And turning to metals markets, according to The Wall Street Journal, Friday saw the worst day for gold and silver since 1980. The selloff came as reports broke that President Trump had picked former Federal Reserve governor Kevin Warsh to succeed Jerome Powell as Fed chair.

Seen as tough on inflation, Warsh's pick propelled the dollar to its strongest day in months and sent investors fleeing safe harbors in precious metals.

And this week in Washington, the Trump administration is convening a Mining Ministerial with dozens of foreign ministers. Bloomberg reports the US will use the meeting to seek consensus with allies on a pricing mechanism to help insulate rare earth mineral producers and build supply outside of China's control.