Oil set for largest quarterly drop since 2020
Oil prices are heading toward their largest quarterly loss since the start of the COVID-19 pandemic in 2020, declining by approximately 38% for Brent crude and 19% for West Texas Intermediate since the beginning of this quarter. This comes amid anticipation of potential talks between the United States and Iran in Doha, and estimates for oil prices in 2026 have fallen to their lowest levels since the outbreak of the war with Iran.
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