Published March 31, 2015 3:12pm EDT | Updated May 21, 2015 1:26pm EDT

Oil Futures Settle With a Loss For The Month And Quarter

Oil futures fell Tuesday to tally losses for the month and the quarter. The potential for a deal between Western powers and Iran and the possible easing of sanctions that may follow, kept pressure on prices for the session. May crude settled at $47.60 a barrel, down $1.08, or 2.2%, on the New York Mercantile Exchange. For the month, prices fell 4.3% and for the quarter, were down 10.6%.