Kissler's observation is quite detailed; even though inventories have decreased, oil prices are still falling, indicating a larger narrative is unfolding.

CryptoWorld News reports that analyst Dennis Kissler stated that the prospects of US-Iran negotiations are suppressing oil prices, and the market expects an agreement to be reached. As the market shifts focus to hopes of ending the US-Iran conflict and reopening the Strait of Hormuz agreement, crude oil futures have extended their decline. Despite last week's significant drop in US crude oil inventories, which should have been a bullish factor supporting oil prices, prices continued to fall. Kissler pointed out, "This tells me that some kind of negotiation is likely underway." He added, "The market is anticipating some kind of agreement to be reached."