[MARKET ANALYSIS] Oil rallied following attacks on Middle East energy infrastructure

WTI/Brent: WTI May'26 +3.0% / Brent +3.7%

• Oil prices continued to rally amid attacks on Middle East energy infrastructure, with Israel attacking Iran's South Pars gas field and the Asaluyeh oil facility, while Iran retaliated with a strike on Qatar's Ras Laffan complex, which is the world's largest LNG production facility and produces about 20% of the world's LNG exports.

Gold: +0.4%

• Attempts to nurse losses after recently declining alongside a firmer dollar and hawkish comments from Fed Chair Powell.

Copper: -1.4%

• Remained pressured amid the escalation in the Middle East conflict and broad risk-off mood.