Russia was advocating for an increase of 137,000 bpd to avoid pressuring prices
Trump on Tuesday again threatened higher tariffs on Indian goods
The ruling buoyed risk appetite across global markets
Brent crude futures were down 99 cents, or 1.5%, at $63.73 a barrel
U.S. West Texas Intermediate crude slipped 33 cents, or 0.52%, to $63.34