[MARKET ANALYSIS] Oil prices are mildly lower after retreating on de-escalatory headlines

WTI/Brent: WTI Oct'26 -0.9% / Brent -1.0% Remained subdued after declining yesterday alongside de-escalatory headlines, including China reportedly pressing Iran to help rein in the Houthis following a Saudi appeal, while Saudi Arabia is also said to have asked Oman to seek a two-week truce with the Houthis, while Pakistan's Army Chief also urged Iran to convince the Yemeni Houthis not to attack Saudi energy facilities. Gold: +0.1% Trades rangebound and takes a breather after spending the prior day clawing back all of its post-FOMC losses. Copper: -0.6% Pulled back from a weekly peak after advancing alongside the recently improved global sentiment.