[MARKET ANALYSIS] Commodities lack demand amid the holiday closures in Asia and North America

WTI/Brent: WTI Mar'26 -0.2% / Brent Apr'26 -0.2%

• Oil prices are rangebound amid light energy-specific newsflow from over the weekend and after last Friday's indecisive performance, with a source report noting that OPEC+ is said to be leaning towards resuming oil output hikes from April, but with no decision made.

Gold: -0.4%

• Takes a breather after edging higher in the aftermath of the recent softer-than-expected US inflation data, with price action also contained amid the holiday closures across Asia and North America.

Copper: -0.5%

• Lacks demand amid the ultimately mixed risk appetite, and with its largest buyer away for over a week due to the Chinese New Year/Spring Festival holiday.