[MARKET ANALYSIS] Oil prices declined on Ukraine optimism and Trump's announcement that Venezuela will be 'turning over' 30mln-50mln bbls of oil to the US

WTI/Brent: WTI Feb.'26 -1.3% / Brent Mar'26 -1.0%

• Oil declined following recent Ukraine-related optimism and with US President Trump announcing that Venezuelan authorities will be turning over 30mln-50mln bbls of oil to the US.

Gold: -0.7%

• Retreated after hitting resistance at the USD 4,500/oz level, with some mild selling pressure seen across the commodities complex as Shanghai and LME trade got underway.

Copper: -1.0%

• Pulled back and tested the USD 6/lb level to the downside, but with further losses stemmed amid the mostly positive risk appetite.