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[MARKET ANALYSIS] Oil prices pulled back after gaining yesterday in two-trade amid the ongoing geopolitical backdrop

StockNow breaking-news AI analysis

Oil, gold and copper were lower in the October 13 report; it also described the geopolitical backdrop and cited dollar softness and Asia risk aversion.

News detail

WTI/Brent: WTI Nov'26 -1.0% / Brent Dec -1.0% Mildly pulled back after ultimately gaining yesterday in two-way trade with Russia striking Ukrainian energy sites despite US President Trump's energy ceasefire claim, while Trump recently commented that he thinks Putin wants to make a deal more than Zelensky, and reiterated that oil will drop when the war with Iran ends very soon. Gold: -0.3% Trickled lower but with the downside capped amid a softer dollar and with support around the USD 4150/oz level. Copper: -0.5% Pulled back overnight with headwinds from the broad risk-off mood across Asia.

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