[MARKET ANALYSIS] Oil prices rebounded with recent price action choppy on mixed geopolitical headlines

WTI/Brent: WTI Jul'26 +1.4% / Brent jul'26 +1.7%

• Oil futures rebounded off the prior session's lows with the recent choppy price action due to contradicting geopolitical headlines, including a report that the final draft of the US-Iran agreement has been reached with mediation of Pakistan, although this was later refuted and described as fabricated, while a senior Iranian source said no deal had been reached yet, but the gaps have narrowed.

Gold: -0.3%

• Marginally declined following yesterday's indecision as global markets and oil prices whipsawed on the conflicting geopolitical signals.

Copper: +1.1%

• Remains afloat amid the mostly positive risk appetite and hopes of a potential US-Iran agreement.