Oil Prices Dip Amid Greenland Annexation Push, Iran Tensions Subside; Brent at $64

• Oil prices, including Brent and West Texas Intermediate, decreased due to subsiding Iran tensions and President Trump's push to annex Greenland.
• Brent crude fell below $64, while West Texas Intermediate traded near $59 per barrel.
• Despite de-escalation, Iran's Supreme Leader Ayatollah Khamenei reported thousands of deaths in recent anti-government protests.
• Concerns about potential supply disruptions from OPEC members had previously worried traders.
• Global oversupply predictions (3.8 million bpd) and US holiday-reduced trading volumes also impacted sentiment.

Why It Matters: Oil prices fell due to geopolitical shifts in Greenland and West Asia, coupled with oversupply concerns.