[MARKET ANALYSIS] Crude climbs but is towards the low-end of the week's range, TTF leads, metals tarnished

Crude benchmarks are firmer this morning, and while they are set to end the week in the green with upside of c. USD 0.80/bbl for WTI and USD 1.0/bbl for Brent, they are towards the lower-end of the week's c. USD 4.00/bbl parameters.
Overnight, geopolitical developments were limited and the pause in tensions between US and Iran appears to be holding.
On that, a CNN article shed some light on the various factors behind President Trump's decision not to take military action. These include a call from Israeli PM Netanyahu, who encouraged POTUS to hold off on taking any action, as they do not believe the Iranian regime would fall quickly and amid concern over the status of Israel's missile defences. More broadly, the piece notes that in the event of action being taken, Trump is in favour of limited strikes as opposed to intensive operations that could bring the US into a larger conflict, sources state.
Continuing with energy but away from crude, gas benchmarks remain alight and at highs. Drivers remain the same as discussed in recent sessions, including: Iran supply, European cold spell, Asian demand, and expectations for a cold spell in APAC next week. Dutch TTF briefly surmounted the EUR 35/MWh mark this morning, and while it is currently just off that, the benchmark remains on track to end the week with gains of c. EUR 6/MWh, in the biggest weekly rally since late-June.
Spot gold is under modest pressure. Below the USD 4.6k/oz handle despite a contained USD, but hit as the risk tone stateside is constructive and geopolitics, as discussed, hasn't escalated. Further pressure is also potentially stemming from the firmer global yield environment.
Base peers were softer overnight, hit by China cracking down on high-frequency trading via the removal of servers from some data centres. Action that pushed 3M LME Copper below the USD 13k/t handle early doors and since to a USD 12.77k/t trough, lower by over USD 300/t on the session.