Crude futures decline amid U.S. diplomatic efforts with Iran, while hedge funds reduce exposure to technology equities ahead of earnings.
Oil prices fell on Monday as the Trump administration pursued talks with Iran, easing supply disruption fears. Crude futures dropped nearly 1% in early trading, reflecting investor caution over potential geopolitical developments.
The decline follows a week of heightened tensions in the Middle East, with prior sessions seeing oil prices rise on supply concerns. Hedge funds also reduced positions in technology stocks, trimming exposure ahead of a busy corporate earnings week.
Stock index futures edged higher, supported by expectations of key labor market data and corporate results. Investors remain focused on macroeconomic signals amid shifting market sentiment.