Crude oil prices slipped on Thursday, after reports of another earthquake hitting Japan in less than a month.
Brent crude oil futures for May delivery dipped to a session low of $121.38 a barrel on the ICE futures exchange in London.
Another massive earthquake measuring 7.4 on Richter hit Japan at 11:32:41 pm in the night with the epicenter about 250 miles from Tokyo. Tsunami warning was issued for northeast Japan coast with one-meter high waves expected soon.
The current one hit 25 miles underwater off coast of Miyagi prefecture, jolting buildings in Tokyo, 207 miles away, for over a minute, say early reports.
Japan witnessed a massive earth quake measuring 9.0 magnitude on March 11 followed by a tsunami that killed more than 12,000 with tens of thousands still missing.
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Earlier on Thursday, ongoing unrest in the Middle East and North African nations pushed the Brent crude price above $122 a barrel.