Market Analysis

[MARKET ANALYSIS] Oil prices mildly declined after recent indecision and mixed geopolitical updates

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Crude oil mildly declined amid mixed geopolitical news and flat weekly inventories, while gold rebounded above USD 4,600/oz and copper traded sideways amid mixed risk appetite.

News detail

WTI/Brent: WTI Oct'26 -0.7% / Brent Nov'26 -0.6% Mildly declined following the prior day's choppy performance amid mixed geopolitical updates and after weekly inventory data showed headline crude inventories were little changed from the prior week. Gold: +0.9% Rebounded overnight to recoup post-PCE losses and returned to above USD 4,600/oz, while the momentum coincided with advances in silver, which approaches closer to the USD 70/oz level. Copper: +0.4% Trades sideways alongside the somewhat mixed risk appetite.

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