Oil prices edge lower in Asian trade as traders weigh geopolitical risks against market fundamentals.
West Texas Intermediate crude fell to $90.85 in early Asian trading Friday, extending losses below $91.00. The decline comes despite heightened tensions involving Iran, as traders assess the broader impact on supply dynamics.
WTI had previously traded near $92.00 earlier in the week, with markets balancing geopolitical risks against inventory data and demand forecasts. The current pullback suggests a cautious approach amid mixed signals on global oil demand.
No immediate market reaction was reported, with focus shifting to upcoming inventory reports and OPEC+ policy updates.