Oil prices fell in early trading in Asia as tension in the Middle East continued to ease, easing concerns about possible supply disruptions. West Texas Intermediate futures fell 0.7% to $59.01 a barrel in recent months; Brent crude oil futures fell 0.6% to $63.74 a barrel in recent months. According to the Barbara Lambrecht research report of Commerzbank Research Division, given US President Trump's recent statements, the risk of immediate US intervention in Iran has been reduced. The commodity analyst said that this led to a drop in oil prices, but there is still a risk that the local situation will escalate. The analyst added: “If the situation eases, the upcoming IEA monthly report could shift the focus to oversupply and cause oil prices to drop. ”

Oil prices fell in early trading in Asia as tension in the Middle East continued to ease, easing concerns about possible supply disruptions. West Texas Intermediate futures fell 0.7% to $59.01 a barrel in recent months; Brent crude oil futures fell 0.6% to $63.74 a barrel in recent months. According to the Barbara Lambrecht research report of Commerzbank Research Division, given US President Trump's recent statements, the risk of immediate US intervention in Iran has been reduced. The commodity analyst said that this led to a drop in oil prices, but there is still a risk that the local situation will escalate. The analyst added: “If the situation eases, the upcoming IEA monthly report could shift the focus to oversupply and cause oil prices to drop. ”