European stocks also slipped on Tuesday, a day after US crude crashed below zero for the first time in history.
The European STOXX 600 index lost 1.1 percent earlier on Tuesday after BP Plc, Royal Dutch Shell Plc, and Total SA fell between 3% and 4.0%.
In the meantime, the price of May futures for WTI on the New York Mercantile Exchange (NYMEX) has rebounded, increasing by 100.27 percent to $0.1 per barrel, with Tuesday being the last trading day for WTI May futures on NYMEX. The price of June futures for WTI increased by 2.69 percent to $20.98 per barrel.