Oil prices fall, market focuses on US-Iran negotiations.

Oil prices fell 1% in early trading, with investors closely monitoring the progress of negotiations between the US and Iran. Brent crude fell 1.1% to $67.13 a barrel, while West Texas Intermediate fell 1% to $62.26 a barrel. However, analysts at Dutch international group said, "There is still a lot of uncertainty about how the situation will evolve." "This means that the market may continue to reflect expectations of risk premium." The research company said that speculators are becoming increasingly cautious about shorting oil. Position data shows that traders significantly increased their bullish bets on Brent crude, mainly by covering short positions, pushing net long positions to the highest level since April 2025. The options market also reflects this shift, with traders increasingly positioning for the possibility of oil price increases.