The West Texas Intermediate (WTI) for May delivery lost 1.32 U.S. dollars, or 1.3 percent, to settle at 101.96 dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery decreased 89 cents, or 0.8 percent, to close at 106.64 dollars a barrel on the London ICE Futures Exchange.
The weakness came as investors continued to assess the impact of COVID-19 on the outlook of fuel demand.
Traders are also awaiting data on U.S. crude stockpiles as U.S. Energy Information Administration is set to release its weekly petroleum status report on Wednesday.
On Monday, the WTI and Brent jumped 4 percent and 3 percent, respectively, driven up by the prospect of new Western sanctions against Russia.
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