Oil Prices Set For A Monthly Gain But Yet Another Quarterly Loss

Brent crude prices are set for their first monthly improvement this year, but on a quarterly basis, the international benchmark will record yet another decline. For West Texas Intermediate, June would mark the second month of gains this year, after April, but on a quarterly basis, the U.S. benchmark will also book a decline. Bloomberg reports that for Brent crude, this quarter will extend the losing streak to four quarters in a row, which is the worst record for the benchmark in more than 30 years. For WTI, Bloomberg noted, this last quarter will…