[MARKET ANALYSIS] Oil prices paused overnight after surging again yesterday as escalation between Saudi and Houthis threatens shipping in the Bab al-Mandab

WTI/Brent: WTI Oct'26 +0.1% / Brent Nov'26 +0.2% Oil prices paused overnight after surging yesterday, in which WTI breached USD 104/bbl and Brent climbed to just shy of USD 110/bbl amid the escalation in the Middle East between Saudi Arabia and Iran-backed Houthis in Yemen, which threatens shipping through the Bab al-Mandab Strait, while several sources on social media cited satellite images that suggested a possible attack on Saudi Arabia's East-West pipeline. Gold: +0.2% Attempts to rebound after suffering yesterday alongside higher oil prices and firmer yields, while attention turns to the looming US CPI report. Copper: -0.1% Lingers near the prior day's lows after slumping alongside the downbeat risk tone.