Oil prices declined in early Asian trading as concerns over Middle East supply disruptions eased. The outage of Saudi Arabia's East-West pipeline, which had previously spurred supply fears, is now seen as less impactful on global markets. Traders are assessing the situation, with Saudi Aramco working to restore normal operations.

The easing of geopolitical tensions has contributed to the downward pressure on crude prices, reflecting market confidence in supply stability. Investors continue to monitor developments in the region for any further changes in supply outlook.