[MARKET ANALYSIS} Oil prices edged higher following a slew of conflicting geopolitical headlines

WTI/Brent: WTI Nov'26 +1.4% / Brent Dec'26 +1.7% Oil prices are higher following yesterday's ultimately positive but choppy performance amid conflicting geopolitical headlines, as reports noted that Iran was said to have shown flexibility on nuclear issues and that President Trump is willing to give Iran sanctions relief and release Iranian frozen funds in return for concrete Iranian steps regarding the nuclear program. However, these reports were later denied, with an Iranian official stating the reports about Iran showing flexibility over its nuclear position are false, while President Trump also posted that the story he offered sanctions relief and frozen funds to Iran is untrue and that he offered them nothing. Gold: +0.6% Oil prices attempt to nurse some of the prior day's losses after slumping alongside the higher yield environment. Copper: -0.2% Price action is stuck around yesterday's trough amid the predominantly negative risk sentiment.