[MARKET ANALYSIS] Oil remains lacklustre after sliding yesterday alongside the broad risk-off mood

WTI/Brent: WTI Mar'26 Flat / Brent Apr'26 Flat

• Oil futures are lacklustre after sliding yesterday alongside the broad risk-off sentiment and an intraday rebound in the dollar, while demand was also not helped by comments from US President Trump, who stated they have to make a deal with Iran and could reach an agreement over the next month, while he warned it would be very traumatic for Iran if it does not agree to a deal.

Gold: +1.1%

• Clawed back some of the prior day's losses after the commodities complex suffered alongside the broad weakness across risk assets.

Copper: +0.8%

• Partially nursed recent losses but with the recovery contained alongside the downbeat mood in Asia.