Singapore, Oil prices eased in Asian trade on Tuesday, extending losses from the previous session when prices fell to their lowest in four months, as investors worried about supply ticking up later in the year.
Brent crude futures fell 20 cents or 3% to $77.87 a barrel.
Brent closed below $80 for the first time since Feb. 7, after falling more than 3% on Monday.
US West Texas Intermediate crude futures eased 17 cents, or 0.2% to $74.05. It had also settled near a four-month low on Monday after sliding 3.6%.
The Organization of the Petroleum Exporting Countries and allies, together known as OPEC+, on Sunday agreed to extend most of their oil output cuts into 2025 but left room for voluntary cuts from eight members to be gradually unwound from October onward.
Source: Qatar News Agency