Core Viewpoint - Oil prices have decreased due to concerns about potential softening of U.S. demand and an oversupply situation, which have outweighed fears of supply disruptions from geopolitical conflicts [1] Group 1: Price Movement - Oil prices edged lower on Friday following significant declines in the previous session [1] - The decline in oil prices is attributed to worries about U.S. demand and broad oversupply [1] Group 2: Geopolitical Factors - Concerns about supply disruptions from conflicts in the Middle East and the war in Ukraine have not been sufficient to counterbalance the oversupply and demand concerns [1]