Brent was down $1.10, or 3.2 per cent, at $33.01 a barrel.
US gold futures were up 0.6 per cent at $1,655.10.
A month-long price war between Saudi Arabia and Russia, against the backdrop of the coronavirus pandemic, has cut the price of crude to $34 a barrel from $65.
That is the lowest price differential ever recorded, according to Refinitiv Eikon data starting from 2011.
In value terms, March imports dropped nearly 63 per cent to $1.22 billion.
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