Brent crude was down 82 cents at $56.85 a barrel by 1452 GMT after rallying in the previous five sessions.
Guar gum prices on Tuesday eased by Rs 53 to Rs 6,610 per five quintal in futures market.
Here is how SMC Global expects commodities to trade today.
US West Texas Intermediate crude fell 15 cents, or 0.3 per cent, to $51.90 a barrel.
Soybean prices on Monday fell by Rs 50 to Rs 3,994 per quintal in futures market.
The brokerage has trimmed down its earnings by 6% over FY20-22 and reduced its target multiple to 20 from 22 earlier.
Russian Deputy Chief of Mission Roman Babushkin told PTI that both India and Russia are adopting a "multi-dimensional" approach in boosting cooperation in oil and gas sector in sync with decisions taken by Putin and Modi in their last annual summit in Vladivostok in September.
Following the SC ruling of Oct 24, 2019 that non-telecom revenues should be included for considering payments of the govt dues by firms holding any sort of telecom license, the DoT slapped Rs 1.47 lakh crore demand on mobile phone operators such as Bharti Airtel Ltd and Vodafone Idea Ltd and another Rs 2.7 lakh crore from non-telecom firms.
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