Oil Prices Soar After Wagner "Mutiny" In Russia

Oil nudged higher in early trade on Monday as an abortive weekend mutiny by Russian mercenaries raised questions about crude supply, Tom Westbrook reported for Reuters.

Photo Insert: Other financial markets started steadily with investors unsure of any further immediate implications even as the “mutiny” ended 36 hours after it began.

Other financial markets started steadily with investors unsure of any further immediate implications even as the “mutiny” ended 36 hours after it began with Wagner mercenaries capturing the city of Rostov, from where the Russian military directs operations in Ukraine.

Brent crude futures rose 1.3% to $74.78 a barrel and US crude was up by the same margin to $70, recouping a little of losses made last week. S&P 500 futures were 0.2% higher and currency markets were broadly steady.

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