Oil Prices Take Breather as Russia Advances Further on Ukraine

A general view shows an oil treatment plant in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia, on March 10, 2019. Vasily Fedosenko/Reuters

LONDON—Oil prices slipped on Friday, after sharp rises in the session, on concern over potential global supply disruptions from sanctions on major crude exporter Russia.

The April Brent crude futures contract was down 33 cents, or 0.3 percent, to $98.75 a barrel at 1045 GMT, after climbing to as high as $101.99. The more active May contract shed 40 cents, or 0.4 percent, to $98.75.