[MARKET ANALYSIS] Oil prices remain afloat after marginally gaining yesterday in choppy trade amid somewhat mixed comments from Trump, while reports note the US base in Kuwait was hit in a strike

WTI/Brent: WTI +0.4% / Brent +0.2% Oil prices remain afloat after marginally gaining in two-way trade yesterday amid somewhat mixed comments from US President Trump who said the renewed campaign against Iran would not continue for too long, but also said the US was prepared to conduct another attack on Iran. Nonetheless, there were reports overnight that the US base in Kuwait was hit by a strike, which ultimately risks triggering another round of tit-for-tat retaliations. Gold: +0.4% Extends on the prior day's rebound and returned to above the USD 4,400/oz level after benefiting from dollar weakness and as yields eased back from recent peaks. Copper: +0.3% Trades range-bound with modest gains alongside the mostly positive risk sentiment.