[MARKET ANALYSIS] Oil trades rangebound after the recent choppy mood and as all focus turns to the Trump-Xi summit

WTI/Brent: WTI Jun' +0.1% / Brent Jul'26 +0.2%Oil prices are rangebound following the prior day's choppy performance and as focus resides around the Trump-Xi summit, while on the geopolitical front, there were reports of drone strikes that hit the Iranian opposition camp north of Iraq's Erbil, but had little lasting impact on oil prices.Gold: +0.2%Lacks firm conviction with prices stuck around the USD 4,700/oz level after recent oil price swings and despite the firmer-than-expected PPI data stateside.Copper: -1.1%Pulled back from record levels but with further downside stemmed amid the mostly positive risk sentiment and as the attention is centred on the Trump-Xi summit.