India, June 30 -- Oil prices traded lower on Tuesday and headed for a second month of declines despite clear divergences emerging in the statements from both sides regarding whether the U.S. and Iran would hold talks in Qatar today.
Brent crude futures for August delivery, which expire later today, were down 0.4 percent at $72.88 a barrel. The contract was down almost 20 percent so far in June, marking the biggest quarterly loss since the COVID-19 pandemic in early 2020.
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