[MARKET ANALYSIS] Oil futures rebounded from the prior day's trough but with upside capped in the absence of any major geopolitical escalation and ahead of the UN General Assembly
Oil rebounded with upside capped ahead of the UN General Assembly, gold faded earlier gains amid an uneventful dollar, and copper rose alongside positive risk sentiment.
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WTI/Brent: WTI Nov'26 +0.5% / Brent Nov'26 +0.5% Oil futures continued to rebound from the prior day's trough but with upside capped in the absence of any major geopolitical escalation and ahead of the UN General Assembly. Iran's Foreign Minister has arrived in New York for the key gathering, while US President Trump noted he had meetings on Iran and stated that it was not doing well. Gold: +0.1% Price action is choppy with the precious metal fading most of its earlier gains amid an uneventful dollar. Copper: +0.7% Continued to edge higher alongside the positive global risk sentiment.
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