[MARKET ANALYSIS] Oil prices get some mild reprieve after the recent selling pressure that was triggered by US-Iran peace hopes

WTI/Brent: WTI Dec'26 +0.1% / Brent Jan'27 +0.5% Oil prices get some mild reprieve from the recent selling pressure after declining again yesterday amid continued optimism regarding US-Iran peace talks and with a report claiming Iran agreed to US demands to reduce its highly enriched uranium levels, although there was some pushback from Iran's top security official Rezaei, who stated that US claims of ongoing Iran negotiations and a Qatar meeting are false. Gold: +0.3% Gradually rebounded from the prior day's trough but remains firmly beneath the USD 4,100/oz level after sliding alongside the recent dollar strength and firmer-than-expected CPI data. Copper: +1.1% Clawed back some of its previous losses but with the rebound contained amid the mixed risk appetite.