Brent crude futures for July fell 15 cents, or 0.2 percent, to $66.61 a barrel by 0244 GMT while US West Texas Intermediate for June was at $63.48 a barrel, down 10 cents, or 0.2 percent.
Analysts are expecting India's demand for transportation fuels to witness a sharper slump in May due to more restrictions. Globally, however, the roll out of vaccination campaigns is expected to lift oil demand, especially during peak travel season in the third quarter, prompting analysts to increase their forecasts for Brent prices for a fifth straight month, a Reuters poll showed.
Iran and the United States are in talks to revive a nuclear deal which could lead to a lifting of US sanctions that would allow Iran to ramp up oil exports.
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