Oil futures declined in early Asian trading on a possible technical correction, ending a three-session rally that had pushed prices higher overnight. The dip reflects profit-taking after crude markets showed consistent gains, with traders reassessing positions ahead of fresh economic data. Energy markets remain sensitive to shifting global economic signals.

Kudotrade's Konstantinos Chrysikos notes oil markets will likely stay responsive to geopolitical developments and US-Iran negotiations. Any credible breakthrough could gradually push prices lower by increasing Middle East export capacity, though ongoing disruptions continue to support values. The region's export conditions remain a critical price driver.

Front-month WTI crude oil futures dropped 0.7% to $95.37 per barrel, reflecting current market sentiment. Trading volumes suggest investors are taking profits near recent highs while monitoring new catalysts. Technical analysts watch support levels as the correction continues.