Brent crude futures lost 49 cents, or 0.8 percent to $61.61 a barrel by 12:53 p.m. EST (1753 GMT).
Oil prices fell on Monday as an uptick in US drilling and concerns about demand due to the slow progress in U.S.
Concerns are also being raised about the sustainability of the OPEC-led supply cuts which include Russian Federation.
U.S. West Texas Intermediate (WTI) crude fell 41 cents or 0.78 percent to $52.31.
Trade talks between the United States and China resumed with working level discussions before high-level discussions later in the week.
While Beijing struck an upbeat note, it also expressed anger at a U.S. Navy mission through the disputed South China Sea.
"Oil prices are still trying to figure out what lead to follow".
The United States has threatened to increase tariffs already imposed on goods from China on March 1 if the trade talks do not produce an agreement.
However, over the last hour, the black gold is seen making some minor recovery attempts on the back of an improvement in the appetite for the risk assets such as oil, equities etc, as the European traders remain optimistic over the progress on the US-China trade front. "You've got concerns about slowing growth".
Prices have been buoyed, however, by output curbs from the Organization of the Petroleum Exporting Countries and its allies, including Russian Federation, a group known as OPEC+.
The deal, effective from January, aims to cut 1.2 million bpd until the end of June to forestall an overhang, in a move producers and many analysts expect to soon help balance supply and demand. The markets continue to be underpinned by the OPEC-led production cuts and US sanctions against Venezuelan exports. OPEC and its allies will meet on April 17 and 18 in Vienna to review the pact.
First, OPEC is now on a mission to cut supply again in a bid to rebalance the market and lift prices, and many OPEC producers do pump and cut from medium to heavy grades.
The country also wants to double its oil sales to India and is open to barter payment arrangements with the world's third-biggest crude consumer, Venezuelan Oil Minister Manuel Quevedo said on Monday.