[MARKET ANALYSIS] Oil takes a breather after rallying again yesterday on geopolitical and supply-related headlines

WTI/Brent: WTI Oct'26 -0.6% / Brent Nov'26 -0.2% Oil prices take a breather after rallying again yesterday as a series of geopolitical and supply headlines pushed benchmarks higher, including an announcement by Libya's NOC that production and operations were suspended at three oil fields after a valve was closed on the Al-Hamada-Zawiya pipeline, warning it may need to declare force majeure if the closure persists. Furthermore, Saudi Arabia informed some European refiners that their September crude cargo loadings had been cancelled, and oil loadings were reportedly suspended at the key Red Sea port of Yanbu following the recent attack on the East-West pipeline. Gold: -0.2% Trickled lower in somewhat choppy trade after the precious metal returned to beneath the USD 4,300/oz level and with participants lacking conviction ahead of the Fed's pivotal rate decision. Copper: +0.1% Trades rangebound with price action contained alongside the cautious mood ahead of major risk events.