Oil Prices Fall on Oversupply Concerns, Geopolitical Risks

Oil prices went down because there might be too much oil soon.

Iraq is planning to start selling oil again through a pipeline.

This means more oil could be available.

Also, there are worries about conflicts between countries, which can affect oil prices.

Russia and NATO are having tensions in the air, while conflicts in the Middle East, such as the attacks on Gaza, have increased.

Traders are keeping a close eye on these events.