Brent was up $1.17, or 1.1%, to $108.70 a barrel, WTI was up $1.15, or 1.1%, at $104.43.

While the US has already banned imports of Russian oil, gas and coal, it could escalate energy pressure through secondary sanctions on other countries that continue to import the supplies.

Brent was up 63 cents, or 0.6%, to $105.02 a barrel , WTI gained $1.08, or 1.1%, to $100.35.

Our relations are a strategic partnership, even a specially privileged strategic partnership, as our Indian friends called it some time ago.

The price of OPEC basket of thirteen crudes stood at $107.74 a barrel

Europe's largest economy is heavily dependent upon Russia for energy, and nations banks echoed concerns over possible energy disruption expressed by big names in industry in recent days.

The first 90 million barrels will be released between May and July, through two notices of sale totaling 70 million barrels, and 20 million barrels already scheduled to be released in May 2022.

The Worldwide Rig Count for March was 1,661, down 8 from the 1,669 counted in February 2022,and up 430 from the 1,231 counted in March 2021.

U.S. Rig Count is up 3 from last week to 673, Canada Rig Count is down 16 from last week to 124.

Brent slid by 79 cents to $103.92 a barrel, WTI were down $1.02 at $99.26 a barrel.

Reconfirm the baseline adjustment, the production adjustment plan and the monthly production adjustment mechanism approved at the 19th OPEC and non-OPEC Ministerial Meeting and the decision to adjust upward the monthly overall production by 0.432 mb/d for the month of May 2022, as per the attached schedule.

The price of OPEC basket of thirteen crudes stood at $110.46 a barrel on Wednesday,

But there was no sign on Friday of an immediate interruption. Flows remained steady through two of the three main pipelines bringing Russian gas into Europe - Nord Stream 1 across the Baltic Sea, and into Slovakia over Ukraine.

We imported from Russia just 0.419 million mt in the April-December period of the current fiscal year 2021-22 (April-March). That is just 0.2% of the total requirement.

Brent fell $4.87, or 4.3%, to $108.58 a barrel, WTI fell $5.90, or 5.5%, to $101.92 a barrel .