The Argentinian government plans to set a minimum oil reference price for local producers at US$45/bbl,

Brent crude touched $15.98 a barrel, WTI was down 51 cents, or 4.4%, at $11.06 a barrel.

Monday's unprecedented meltdown in oil prices, with front-month NYMEX WTI futures diving deep into negative territory as Tuesday's expiry of the May contract neared, was the exclamation point on what many OPEC+ delegates have described as an alarming and depressing ride.

Brent crude for was down 48 cents, or 1.9%, at $25.09 per barrel, WTI was up $38.99 in thin trade at $1.36 a barrel

NYMEX May WTI settled at minus $37.63/b, down $55.90 from Friday.

Brent was down $1.12, or 4%, at $26.96 a barrel, WTI fell $4.79, or 26.2%, to its lowest since March 1999 at $13.48,

U.S. Rig Count is down 73 rigs from last week to 529, Canada Rig Count is down 5 rigs from last week to 30

Brent rose by 50 cents, or 1.8%, to $28.32 a barrel, WTI tumbled by $1.27, or 6.4%, to $18.60

Saudi Arabia and Russia are strongly committed to implement the agreed target cuts over the next two years

U.S. petroleum demand declined to 19.4 million barrels per day (mb/d) in March, which was a 4.6% decrease from February