International stocks trading in New York were mixed on Tuesday. The BNY Mellon index of American depositary receipts edged up 0.07% to 142.72. The European index eased 0.05% to 138.97, the Asian index improved 0.21% to 140.63, the Latin American index rose 0.61% to 288.89 and the emerging markets index increased 0.38% to 287.80.

U.S. oil prices tumbled Tuesday, posting their biggest one-day drop in two years on signs that the Organization of the Petroleum Exporting Countries was unlikely to cut production in response to lower forecast demand. Among decliners Norwegian oil company Statoil ASA (STO, STL.OS) fell 1.5% to $24; BP PLC (BP, BP.LN) dropped 1.48% to $40.61; Cnooc Ltd. (CEO, 0883.HK) declined 2.8% to 160.71; Royal Dutch Shell PLC (RDSA, RDSB.LN) decreased 1.6% to $68.50 and Total SA (TOT, FP.FR) fell 1.4% to $56.05.

Iliad SA (ILIAY, ILD.FR) is ready to pursue another large deal outside its home country of France, unswayed by its unsuccessful attempt to snap up T-Mobile US Inc. (TMUS), The Wall Street Journal reported. However, on Tuesday some investors appeared to be betting that with T-Mobile in the rear-view mirror, Iliad would reignite efforts to merge with a rival in France, where operators have been trying to cut the number of mobile players to three from four. Shares of Orange SA (ORAN, ORA.FR) rose 1.2% to $14.01.

Write to Tess Stynes at tess.stynes@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires