[MARKET ANALYSIS] Oil prices pulled back amid some mediation hopes with US VP Vance reaching out to Iran's Rezaei in a bid to restart peace talks
ORIGINAL · Newsquawk[MARKET ANALYSIS] Oil prices pulled back amid some mediation hopes with US VP Vance reaching out to Iran's Rezaei in a bid to restart peace talksRead originalHide original
WTI/Brent: WTI Dec'26 -0.8% / Brent Jan'27 -0.5% Oil prices mildly retreated overnight amid some mediation hopes after reports that there has been a lot of back and forth between the Iranians and Americans via mediators over the last few days, while it was also reported that US VP Vance reached out to Iranian hard-liner and Supreme National Security Council Secretary Rezaei in a bid to restart peace talks. Gold: -0.3% Retreated following recent choppy price action and after gradually fading the post-FOMC knee-jerk uplift. Copper: -0.3% Stalled after its recent advances and with overnight demand not helped by the mixed risk sentiment.
Oil retreated amid reported mediation activity; WTI and Brent were lower. Gold and copper also declined, with the report giving separate explanations for each.
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WTI/Brent: WTI Dec'26 -0.8% / Brent Jan'27 -0.5% Oil prices mildly retreated overnight amid some mediation hopes after reports that there has been a lot of back and forth between the Iranians and Americans via mediators over the last few days, while it was also reported that US VP Vance reached out to Iranian hard-liner and Supreme National Security Council Secretary Rezaei in a bid to restart peace talks. Gold: -0.3% Retreated following recent choppy price action and after gradually fading the post-FOMC knee-jerk uplift. Copper: -0.3% Stalled after its recent advances and with overnight demand not helped by the mixed risk sentiment.
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