Oil drifted lower on Tuesday as more than a week of banking turmoil kept weighing on market confidence.
Brent crude futures for May settlement dropped 71 cents, or 1 per cent, trading at $73.08 per barrel at 0514 GMT. US West Texas Intermediate (WTI) crude futures were down 74 cents, or 1.1 per cent, to $66.90 a barrel.
In the previous session, both Brent and WTI fell about $3 a barrel before settling higher. That followed UBS throwing a lifeline to Credit Suisse and major central banks saying they would enhance market liquidity and support the banking system.
