WTI crude oil futures have dropped over 2% as traders take profits following a nearly 10% weekly gain. The rally was initially fueled by escalating geopolitical risks in the Middle East. However, renewed diplomatic talks between the U.S. and Iran are now easing immediate supply disruption fears. Additionally, concerns over weakening demand from Asia and the potential for increased OPEC+ production are contributing to the downward pressure on prices. A strengthening U.S. dollar is also creating headwinds for the commodity.