Oil prices dropped off three-year highs on Tuesday as traders booked profit from a recent rally but healthy demand underpinned prices near $70, a level not seen since the market slump in 2014.
Prices have been driven up by oil production curbs in OPEC nations and Russia, and demand amid healthy economic growth.
Imports to India, the world's third-biggest oil consumer, rose by about 1.8 percent in 2017 to a record 4.37 million barrels per day as the country boosted purchases to feed its expanded refining capacity.
U.S. West Texas Intermediate (WTI) crude futures ended Tuesday's session down 57 cents at $63.73 a barrel. WTI hit a December 2014 peak of $64.89 in early trading.
Brent futures fell $1.05, or 1.5 percent, to $69.21 a barrel by 2:29 p.m. ET. Earlier in the day, the price lost more than $1 to a low of $68.92.
Traders said Brent was well supported overall at around $70. Brent hit $70.37 on Monday, a high from December 2014, when markets were at the beginning of a three-year decline.