[MARKET ANALYSIS] Oil prices are subdued after declining on US-Iran peace talks hopes

WTI/Brent: WTI Jun'26 -0.4% / Brent Jun'26 -0.1%Oil prices are constrained after declining yesterday amid hopes for another round of US-Iran talks, which President Trump suggested could take place in the next couple of days. There was also further selling seen shortly after comments from US President Trump, who said in an Fox interview to be aired on Thursday that he sees the war as being very close to over, allthough crude future have since pared the majority of the move, while demand is also not helped by the latest private sector inventory data which showed a fairly substantial and surprise build in headline crude stockpiles.Gold: FlatPauses overnight after advancing yesterday to above the USD 4,800/oz level as the dollar and yields retreated on US-Iran peace talk optimism.Copper: +0.8%Extended its rally with prices underpinned alongside the positive global risk appetite.