Rosneft shares lost almost 2.5% at the close of trading on Tuesday, falling to 481.8 rubles. The decline occurred amid overall weakness in the Russian oil and gas sector, although oil prices remained relatively stable at the time.

June Brent futures traded near $107.80 per barrel, virtually unchanged, while May contracts had previously risen above $118. Despite support from the commodity market, investors took profits after a sharp rise in prices in the previous days.

Other major players in the sector also came under pressure. Gazprom shares fell 2.23% to 133.44 rubles, while LUKOIL shares lost 1.91%, closing at 5,581 rubles. Against this backdrop, the Moscow Exchange Index fell 0.9% to 2,776 points.

Analysts differ in their assessments of future oil trends. OCBC Bank expects Brent to remain around $100 per barrel until mid-year, while Societe Generale expects the average price in April to be $125 and doesn't rule out a move to $150. This wide range of scenarios increases uncertainty and impacts the valuation of oil stocks.