Oil prices slipped on Tuesday after surging more than $5 a barrel in the previous session on concerns about tight supply.
Benchmark Brent crude futures declined 0.6 percent to $105.60 a barrel, while WTI crude futures were down half a percent at $98.89.
New COVID-19 cases in China jumped to almost 700 and data showed the euro zone's inflation accelerated as estimated in June to set a fresh record high, raising worries about a possible recession.
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