The price of OPEC basket of thirteen crudes stood at $101.93 a barrel

Traders are keeping a close watch on whether a resolution can be found on the Kremlin’s demand to be paid in rubles for its gas. European Union lawyers have said the new mechanism violates existing sanctions, and Russian President Vladimir Putin has warned that flows could be cut if the terms aren’t met.

Brent was down $4.91, or 4.6%, at $101.74 a barrel, WTI fell $5.00, or 4.9%, to $97.07.

The price of OPEC basket of thirteen crudes stood at $107.66 a barrel on Friday,

Brent was down 76 cents, or 0.7%, at $107.57 a barrel, WTI declined 32 cents, or 0.3%, to $103.47.

The price of OPEC basket of thirteen crudes stood at $108.81 a barrel on Thursday, compared with $107.97 the previous day, according to OPEC Secretariat calculations

Combined, Russia's seaborne crude and key oil products exports stood at 6.79 million b/d so far in April, down 640,000 b/d from 7.43 million b/d in February,

Brent rose $1.04, or 1%, to $107.84 a barrel, WTI gained 61 cents, or 0.6%, to 102.80 a barrel.

Brent rose 66 cents, or 0.6%, to $107.91 a barrel, WTI rose 46 cents, or 0.5%, to $103.02 a barrel.

Brent was down $1.41, or 1.2%, to $111.75 a barrel, WTI fell $1.64, or 1.5%, to $106.57 a barrel.