Oil futures edge lower in early Asian trade on a possible technical correction after Wednesday’s strong gains. The dip reflects a short‑term pullback as traders reassess the recent rally, though the move remains modest.

However, losses may be limited by prospects of more U.S.-Iran hostilities that could exacerbate supply disruptions. President Trump vowed to retaliate after Iran launched a surprise ballistic missile attack on U.S. forces in the Middle East, threatening to expand the ongoing conflict with another tit‑for‑tat escalation.

Analysts from TD Securities’ Macro Research note that reduced flows and global tightening of the energy market remain supportive of further upside in crude oil. Front‑month WTI crude oil futures are 0.1% lower at $84.36 per barrel, according to the Wall Street Journal Markets report.

The price movement comes amid mixed signals from global inventories and OPEC+ output decisions, with investors watching for any further geopolitical developments that could sway crude benchmarks.

Technical analysts pointed to overbought conditions on the daily chart as the catalyst for the correction, suggesting that the decline may be a healthy consolidation before the next directional move.