Oil Edges Lower Amid Possible Position Adjustments Before U.S.-Iran Talks

Core Viewpoint - Oil prices have experienced a slight decline due to potential position adjustments ahead of upcoming U.S.-Iran negotiations [1] Group 1 - The oil market is reacting to the anticipation of talks between the U.S. and Iran, which could impact supply dynamics [1] - Traders are adjusting their positions in response to the uncertainty surrounding the negotiations [1] - The decline in oil prices reflects market sentiment and the potential for changes in geopolitical factors affecting oil supply [1]