Oil prices little changed but set for steepest monthly, quarterly losses since 2020

Oil prices were little changed on Tuesday but were headed for their biggest monthly and quarterly losses since the COVID-19 pandemic in early 2020, with investors eyeing potential US-Iran talks in Doha amid a strained interim ceasefire in the four-month-long war. Brent futures fell 13 cents, or 0.2 percent, to USD 73.02 a barrel at 12:34 p.m. EDT (1634 GMT), while US West Texas Intermediate (WTI) crude fell 89 cents, or 1.3 percent, to USD 69.86 a barrel. Both crude benchmarks were close to where they were trading on February 27, the day before the start of the US-Israeli war on Iran, when Brent closed at USD 72.48 a barrel and WTI closed at USD 67.02.