Oil Erases Gain With Markets Calm After Russian Mutiny Ends

News Snapshot:

(Bloomberg) — Oil erased an earlier gain as broader financial markets held steady after the dramatic but short-lived rebellion in Russia over the weekend. Most Read from Bloomberg West Texas Intermediate traded near $69 a barrel, while Brent futures were also little changed. An eerie calm fell on Moscow after the end of the uprising led by Yevgeny Prigozhin, head of the Wagner mercenary group. Yet investors are weighing the potential for more turbulence in Russia, a major OPEC+ producer. “This weekend’s developments will not be an immediate game changer,” said Keshav Lohiya, founder of consultant Oilytics. “Russia’s resilient oil...