[MARKET ANALYSIS] Oil gradually edges higher overnight with WTI returning to above USD 90/bbl amid ongoing Saudi-Houthi attacks
Oil rose overnight, while the report cited pipeline-flow comments as supply context; gold and copper were reported lower, with separate stated drivers.
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WTI/Brent: WTI Nov'26 +0.9% / Brent Dec'26 +0.8% Oil prices edged higher overnight with WTI crude returning to above the USD 90/bbl level amid continued attacks between Saudi Arabia and Yemeni Houthis, although gains are capped after the prior day's two-way trade amid supply-related headlines including comments from the Saudi Energy Minister that 5.8mln BPD is currently flowing through the East-West pipeline and that operations had resumed around five days after it was hit. Gold: 0.5% Trickled lower as the dollar strengthened and yields rebounded alongside oil. Copper: -0.3% Trickled lower amid the mostly subdued risk appetite in Asia and with Chinese buyers still absent from the market.
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