Oil Prices Little Changed but Set for Steepest Monthly and Quarterly Loss Since 2020

Oil prices were little changed, but Brent crude is poised for its steepest monthly decline since March 2020, down about 21% in June, and its biggest quarterly decline since Q1 2020, down about 38% in Q2. The market is awaiting weekly storage reports from the American Petroleum Institute (API) and the U.S. Energy Information Administration (EIA).