[MARKET ANALYSIS] Oil futures are range-bound following recent choppy price action and conflicting reports regarding the East-West pipeline

WTI/Brent: WTI Nov'26 +0.1% / Brent Dec'26 +0.1%

• Oil prices are range-bound following the prior day's choppy price action amid a slew of geopolitical headlines, including reports that Saudi Arabia's East-West oil pipeline pumping was halted following a new attack, although a Bloomberg report refuted this shortly after, with sources stating that the East-West pipeline was flowing as normal. Elsewhere, US President Trump reiterated that the war with Iran will end soon, one way or another, and that prices will fall, while he signed an Executive Order to waive off-road requirements to allow anyone to purchase tax-free red-dyed diesel.

Gold: -0.2%

• Lacks demand after recent indecision, and as the dollar remains afloat, albeit off yesterday's peak.

Copper: +0.4%

• Gradually extended on its gains after the positive risk environment rolled over into Asia.