Oil prices dropped off three-year highs on Tuesday as traders booked profit from a recent rally but healthy demand underpinned prices near $70, a level not seen since the market slump in 2014. Prices have been driven up by oil production curbs in OPEC nations and Russia, and demand amid healthy economic growth. Imports to India, the world’s third-biggest oil consumer, rose by about 1.8 percent in 2017 to a record 4.37 million barrels per day (bpd) as the country boosted purchases to feed its expanded refining capacity. Brent futures LCOc1 fell $1.05, or 1.5 percent, to $69.21 a barrel by 12:25 a.m. after hitting a session low of $68.92. Traders said Brent, the global benchmark, was well supported overall at around $70. Brent hit a peak of $70.37 on Monday, matching a high from December 2014 at the start of a three-year market decline. […]