[MARKET ANALYSIS] Oil futures take a breather after climbing alongside the geopolitical backdrop with Brent crude topping USD 100/bbl

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[MARKET ANALYSIS] Oil futures take a breather after climbing alongside the geopolitical backdrop with Brent crude topping USD 100/bbl

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WTI/Brent: WTI Oct'26 +0.4% / Brent Nov'26 Flat

  • Oil futures take a breather after extending on gains yesterday alongside the current backdrop of escalating US/Iran and Saudi/Yemen geopolitical tensions, which lifted Brent crude north of the USD 100/bbl level.

Gold: +0.2%

  • Trades marginally higher but with upside capped after recent two-way price action around the USD 4,400/oz level and with the attention turning to incoming inflation metrics.

Copper: -0.5%

  • Prices are contained overnight amid the subdued risk appetite and as LME futures take a breather after recently extending on record levels.

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