Oil futures fell on Tuesday, retreating from one-year highs, on mixed responses by Russian oil industry officials toward an OPEC call for all major crude producers to cut output.
Oil prices jumped as much as 3 percent on Monday, after Russia and Saudi Arabia both said a deal between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC members like Russia in curbing crude output was possible.
December Brent crude oil futures were down 78 cents, or 1.5 percent, at $52.36 a barrel by 2:38 p.m. ET (1838 GMT), more than a dollar off Monday's one-year intraday high of $53.73.
U.S. crude futures settled down 56 cents, or 1.1 percent, at $50.79 a barrel, after closing on Monday at $51.35, the highest level since July 15, 2015.