Oil traded in the red on Tuesday in Asia, giving back some of its gains after surging as much as 20% in the previous session amid heightened tensions in the Middle East.
U.S. Crude Oil WTI Futures dropped 1.5% to $61.73 by 11:45 PM ET (03:45 GMT). International Brent Oil Futures lost 1.3% to $68.16.
All eyes are now on more updates regarding how fast Saudi Arabia can recover from a drone attack over the weekend that knocked out about 5% of global supply.
State-run producer Saudi Aramco lost about 5.7 million barrels a day of output.
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