Oil falls as investors focus on potential Iran-US talks in Doha

Markets pricing in further de-escalation ahead ​of US-Iran talks

Oil prices ‌dipped on Tuesday and were poised for a monthly decline, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war.
Brent August crude futures , which expire on Tuesday, were down 0.9%, or 64 cents, at $72.51 a barrel as ​of 0356 GMT. These levels are around $20, or 22%, lower than last month's closing. The more actively ​traded September contract was down 0.4%, or 31 cents, at $73.6 a barrel.

Source: Reuters