[MARKET ANALYSIS] Oil prices are contained after retreating yesterday on supply-side headlines, while gold partially rebounds from its post-FOMC drop
Oil prices stabilized amid easing supply concerns from Libya and Saudi Arabia, while gold and copper recovered from post-FOMC lows as markets absorbed the Fed's rate hike.
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WTI/Brent: WTI Oct'26 -0.3% / Brent Flat Oil prices are contained after retreating throughout the prior day following supply-related headlines, including a report that Saudi looks to resume half of the key oil pipeline within days, while Libya's NOC Chief said production has returned to normal levels after shutdowns at three oil fields reduced output. Gold: +0.8% Slumped following the hawkish FOMC, but has rebounded overnight and retests the USD 4,300/oz level. Copper: -0.4% Rebounded off post-FOMC lows as Asia-Pac markets partially shrug off the Fed rate hike.
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