[MARKET ANALYSIS] Oil futures are rangebound amid a lack of major catalysts, while copper extends on gains after LME prices hit fresh record highs
Newsquawk Staff ·
WTI/Brent: WTI +0.9% / Brent Flat
- Oil prices are range-bound amid a lack of fresh drivers, with WTI holding on to the prior day's gains in the absence of a settlement due to the recent Labor Day holiday and following the weekend tit-for-tat attacks on vessels.
Gold: +0.7%
- Edges higher following the recent choppy price action and return to above the USD 4,400/oz level.
Copper: +1.8%
- Extends gains after LME prices surged to a fresh record high amid supply concerns and tariff fears.
- [MARKET ANALYSIS] Asia-Pac stocks are mostly lower following the tech rout and flight-to quality stateside
- [MARKET ANALYSIS] Bond futures remain underpinned following the recent haven bid
- [MARKET ANALYSIS] Oil prices hold onto gains after rallying amid geopolitical concerns with reports noting US and Israeli military are drawing up plans to resume strikes on Iran
- [MARKET UPDATE] Asia-Pac stocks begin negative following the tech selling on Wall St, which had spurred a flight-to-quality
- [Market Update] Risk-off trade continues as AI concerns linger; stocks trade at new lows with NQ -3.0% as tech leads losses, while gold sees new lows; Treasuries push to new highs, weighing on USD; oil trades off highs supported by geopolitical risk
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