0957 ET - Crude futures slip after President Trump expressed belief that Iran is negotiating seriously, easing tensions that supported prices last week. "The decline could extend as de-escalation shifts focus back to unfavourable fundamentals," Tradu's Nikos Tzabouras writes, adding that supply is rising faster than demand "amid global economic headwinds." Further declines could by limited, however, "as supplies risks are likely to persist," Tzabouras says. The path of the dollar could also weigh on oil prices as markets digest new Fed leadership. WTI falls 4.5%, to $62.28 a barrel. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
February 02, 2026 09:57 ET (14:57 GMT)
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