Saudi Arabia holds key to extension of oil output cut deal, Russia says

Russia's envoy to the Organisation for Petroleum Exporting Countries said a deal to curb oil output might be extended past June.

A final decision depended largely on Saudi Arabia's position, Interfax cited the envoy as saying.

As of 1521 GMT front month Brent crude oil futures were slipping 0.70% to $51.27 per barrel on the ICE.