Oil prices dip slightly in Asian trading, reflecting reduced geopolitical risks in the Middle East and broader market cooling.
West Texas Intermediate crude trades near $68.40, extending a modest decline after a brief rebound in the prior session. The drop follows easing geopolitical tensions in the Middle East, which had previously supported oil prices.
Earlier this week, WTI hovered above $68.50 but failed to sustain gains amid a broader cooling trend in energy markets. Analysts note that reduced supply disruption fears have weighed on sentiment, though demand concerns persist.
No immediate market reaction was reported, with prices remaining within a narrow range during Asian hours.