Crude oil futures fell due to the potential for a technical pullback.

After a strong overnight futures rally, crude oil futures fell due to a possible technical pullback. However, concerns about oil tankers passing through the Strait of Hormuz may limit the extent of the decline in futures. According to two U.S. senior officials, Iran's Islamic Revolutionary Guard attacked a cargo ship flying the Singapore flag in the strait on Thursday. Analysts at Australia and New Zealand Banking Group's research department said in a research report, "Meanwhile, several merchant ships have turned back while attempting to pass through the strait, sparking new doubts about the continuous recovery of oil supply after the key waterway is reopened." Nearby West Texas Intermediate crude futures fell by 0.6% to $71.52 per barrel.