Oil prices fell on Wednesday after three straight sessions of gains as traders waited for updates on the fragile Iran ceasefire and for President Trump’s summit with President Xi in China. The move reflects geopolitically driven caution rather than a clear change in fundamentals. Market focus remains on whether renewed tensions or diplomatic progress will alter crude supply-risk pricing.
Oil prices fell on Wednesday after three straight sessions of gains as traders waited for updates on the fragile Iran ceasefire and for President Trump’s summit with President Xi in China. The move reflects geopolitically driven caution rather than a clear change in fundamentals. Market focus remains on whether renewed tensions or diplomatic progress will alter crude supply-risk pricing.
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