[MARKET ANALYSIS] Oil futures continue to pull back from this week's best levels after Trump announced they will not attack Iran at any time before the Midterms
The update reported lower WTI and Brent, higher gold and copper, and linked some oil pressure to Trump's statement that the US would not attack Iran before the Midterms.
News detail
WTI/Brent: WTI Nov'26 -0.8% / Brent Dec'26 -0.9% Oil prices continue to gradually pull back from this week's best levels, with some pressure seen after US President Trump pushed back on prior reports that the US could resume strikes on Iran before the Midterms, in which he stated that they are having productive discussions with Iran and will not be attacking Iran at any time before the Midterms. Gold: +1.0% Climbed higher as metal prices rebound amid lower yields and a softer dollar. Copper: +1.0% Nurses the prior day's losses after sliding alongside the prior day's tech selling.
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