Oil prices edged lower early Tuesday after a strong rally the day before, as traders paused to watch possible supply risks linked to Venezuela and Russia.
Brent crude slipped 11 cents, down about 0.2%, to $61.96 a barrel.
U.S. West Texas Intermediate (WTI) fell 13 cents, also around 0.2%, to $57.88 a barrel.
The dip comes after a big move on Monday. Both benchmarks jumped more than 2%, with Brent posting its best single-day gain in two months and WTI recording its largest rise since mid-November.
Markets are now in a wait-and-see mode, balancing recent gains against uncertainty over future oil supplies and geopolitical risks.
