[MARKET ANALYSIS] Oil prices pulled back overnight and Israel-Lebanon ceasefire took effect

WTI/Brent: WTI Jun'26 -1.4% / Brent Jun'26 -1.1%Oil prices pulled back overnight following the prior day's advances amid the continued reduced traffic flow in the Strait of Hormuz and with a resistance commander advising caution for those wanting to cross the Bab al-Mandab Strait from noon on Friday, while a ceasefire between Israel and Lebanon took effect today, but had little impact on prices as reports over the past couple of days had already pointed to such an outcome.Gold: +0.1%Price action is indecisive after recently trickling below the USD 4,800/oz level.Copper: -0.5%Remains subdued after retreating yesterday, and with demand dampened by the lacklustre mood in Asia-Pac.