[MARKET ANALYSIS] Oil futures are steady overnight ahead of US-Iran talks and US-Ukraine-Russia trilateral negotiations in Geneva

WTI/Brent: WTI Mar'26 +1.3% / Brent Apr'26 -0.2%

• Oil futures are rangebound overnight but hold on to most of the prior day's gains after steadily advancing in thinned conditions, while the focus turns to US-Iran talks in Geneva on Tuesday, which will simultaneously be held with trilateral negotiations between Ukraine, Russia and the US.

Gold: -0.9%

• Retreated after stalling around the USD 5,000/oz level with selling pressure seen alongside a drop in silver prices, which tumbled by more than 3% before bouncing off its lows.

Copper: -0.8%

• Remains subdued amid the mass holiday closures across the region, including its largest buyer, China.

Oil futures are steady as market focus shifts to significant US-Iran and trilateral negotiations involving Ukraine and Russia in Geneva. This geopolitical backdrop may influence oil prices, alongside broader market responses, particularly in energy and related commodities. Traders should watch for developments from these talks that could impact supply dynamics and market sentiment.