Oil Futures Lose Ground for Third Session

Group 1 - Crude oil futures have declined for three consecutive sessions, primarily due to increased OPEC production overshadowing concerns about potential Russian supply losses from U.S. sanctions [1] - A potential trade agreement between the U.S. and China is contributing to a decrease in geopolitical risk, which may lead to further tariff reductions [2] - U.S. inventory data expected to show a slight weekly decline in crude oil stockpiles, according to a Wall Street Journal survey of analysts [2]