[MARKET ANALYSIS] Oil futures continued to pull back in the absence of any major fresh escalation in the Iran conflict
Oil prices fell as Iran tensions eased and Trump announced a Hamas disarmament deal. Gold dipped on a stronger dollar, while Copper stabilized amid AI demand and weak China data.
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WTI/Brent: WTI Sep'26 -1.4% / Brent Oct'26 -1.1%Oil futures continued to pull back overnight amid a lack of major fresh escalation in the Iran conflict, although there were reports of explosions in Erbil and Sulaymaniyah in Iraq's Kurdistan region, while US President Trump announced that the Board of Peace reached a historic agreement for the disarmament of Hamas and all other armed groups in Gaza.Gold: -0.4%Gave back some of its recent spoils and returned to beneath the USD 4,100/oz level as the dollar regained some composure.Copper: +0.2%Takes a breather after steadily advancing yesterday, while markets also reflect on the tech surge and weak China PMIs.
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