[MARKET ANALYSIS] Oil futures rebounded following yesterday's choppy performance amid a slew of Venezuela-related headlines

WTI/Brent: WTI Feb'26 +0.7% / Brent Mar'26 +0.6%

• Oil prices mildly rebounded after the prior day's choppy performance amid a slew of Venezuela-related headlines and reports that the US seized a Russian-flagged tanker in the North Atlantic, as well as a second tanker in the Caribbean. It was also reported that President Trump's team is working up a sweeping plan to control Venezuelan oil for years to come, and that President Trump believes his efforts could help lower oil prices to his favoured level of USD 50/bbl.

Gold: -0.2%

• Lacks demand following the prior day's choppy performance and mixed US data releases.

Copper: +1.0%

• Rebounded from yesterday's trough but with a further recovery restricted by the uninspired risk sentiment.