Market analysis: Crude oil futures fell slightly due to the possibility of a technical correction.

In early Asian trading, crude oil futures are slightly lower, influenced by a possible technical correction, as the overnight settlement price of crude oil futures hit the highest level since the end of October. Near-month West Texas Intermediate crude oil futures fell by 0.3% to $60.99 per barrel, while near-month Brent crude oil futures fell by 0.3% to $65.29 per barrel. However, analysts say that the price decline is expected to be limited due to the impact of certain developments. Axel Rudolph of IG stated in an email that tensions between the US and Iran are escalating, with the US imposing new tariffs of 25% on goods related to Iran, and there have been supply disruptions at the end of the Caspian pipeline consortium in Kazakhstan. This senior technical analyst said that these developments have heightened concerns about potential oil supply losses.