[MARKET ANALYSIS] Oil attempts to nurse some losses after sliding yesterday on several energy-bearish catalysts

WTI/Brent: WTI Nov'26 +0.2% / Brent Dec'26 +0.6% Oil prices attempt to nurse some losses after sliding yesterday following several downside catalysts, including US President Trump backing a strategy to ease Russia sanctions in exchange for the release of political prisoners, which could pave the way for the US to sign deals involving Russian oil, diesel, rare earth minerals, and other commodities. In addition, the US DoE offered up to 40mln barrels from the SPR, while Qatar stated mediation efforts are ongoing and focused on building common ground between the US and Iran, although a more recent article by Axios stated US-Iran talks and efforts by mediators this week yield little progress, raising odds of renewed combat. Gold: -0.1% Trades little changed beneath the USD 4,200/oz level amid a steady dollar and ahead of a deluge of US data releases including the Fed's preferred inflation gauge. Copper: +0.6% Holds on to the prior day's spoils with prices kept afloat amid the mostly positive risk appetite and encouraging Chinese PMI data releases.