Core Viewpoint - Crude oil futures have declined as U.S. President Trump expressed confidence in Iran's serious negotiations, easing tensions that previously supported oil prices [1] Group 1 - The easing of tensions has shifted focus back to unfavorable fundamentals, potentially leading to an expanded downward trend in oil prices [1] - Global economic headwinds are causing supply growth to outpace demand, contributing to the decline in oil prices [1] - Despite the downward trend, further declines may be limited due to ongoing supply risks [1] Group 2 - The market's digestion of the new Federal Reserve leadership may also exert pressure on oil prices through the movement of the U.S. dollar [1] - West Texas Intermediate (WTI) crude oil fell by 4.5%, reaching $62.28 per barrel [1]