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Oil Heads for Largest Quarterly Loss Since 2020

July 1, 2026اقتصاد | الإذاعة الجزائريةradioalgerie.dzTranslated from Arabic
Oil Heads for Largest Quarterly Loss Since 2020

Oil prices are heading for the largest quarterly losses since the COVID-19 pandemic in early 2020. August Brent crude futures, which expire on Tuesday, fell by 0.3 percent or 23 cents to settle at $72.92 a barrel, while West Texas Intermediate crude for August also dropped by 1.8 percent or $1.25, reaching $69.50 a barrel. Both crude benchmarks are nearing the levels at which they were trading on February 27.

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