Oil prices little changed but set for steepest monthly and quarterly loss since
June 30 (Reuters) - Oil prices were little changed on Tuesday but were headed for their biggest monthly and quarterly losses since the COVID-19 pandemic in earl
June 30 (Reuters) - 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 U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war.
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How are U.S.-Iran talks affecting oil prices?
Brent futures rose 3 cents to $73.18 a barrel at 10:51 a.m. EDT (1451 GMT), while U.S. West Texas Intermediate (WTI) crude fell 30 cents, or 0.4%, to $70.45 a barrel.
Both crude benchmarks were close to where they were trading on February 27, the day before the start of the U.S.-Israeli war on Iran, when Brent closed at $72.48 a barrel and WTI closed at $67.02.
"I wouldn't say the market has priced out a risk premium, but previously stranded ships have become available with the increase in ships moving out of the Gulf, creating a temporary wave of new supply," UBS analyst Giovanni Staunovo said.
Morgan Stanley said it now models an implied global oil market surplus of 4.8 million barrels per day in 2027
Fuente original: Yahoo Finance (https://finance.yahoo.com/news/oil-falls-investors-focus-potential-040903565.html)
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