[MARKET ANALYSIS] Oil prices rebounded after recent choppy price action amid mixed geopolitical headlines, while an inconclusive Israeli election adds to the uncertainty

WTI/Brent: WTI Dec'26 +1.1% / Brent Jan'27 +1.5% Oil prices rebounded overnight following yesterday's choppy performance amid mixed geopolitical headlines and with political uncertainty in Israel following an inconclusive vote, as Israeli PM Netanyahu's bloc and the opposition camp both failed to secure a majority, while Netanyahu commented that Israel is facing a historic opportunity to remove the Iranian threat. Gold: -0.3% Mildly pulled back amid a rebound in oil prices and upside in yields, with some positioning heading into today's FOMC policy announcement. Copper: -0.1% Plateaued after recently advancing alongside the tech-led momentum.