Oil futures slumped Tuesday after delivering only a modest rise the previous session following a chaotic weekend in Russia that saw the mercenary Wagner Group stage a short-term rebellion that raised questions about Vladimir Putin's grip on power.
West Texas Intermediate crude for August delivery fell $1.01, or 1.5%, to $68.36 a barrel on the New York Mercantile Exchange.
August Brent crude, the global benchmark, declined $1.10, or 1.5%, to $73.08 a barrel on ICE Futures Europe. September Brent, the most actively traded contract, was down 93 cents, or 1.3%, at $73.42 a barrel.
Back on Nymex, July gasoline fell 0.8% to $2.436 a gallon, while July heating oil rose 0.5% to $2.452 a gallon.
July natural gas fell 0.9% to $2.765 per million British thermal units.
Crude saw only a modest lift Monday, with traders playing down the threat to oil supply after a weekend rebellion in Russia that saw Wagner Group forces advance within around 120 miles of Moscow before abruptly standing down.
Source : MarketWatch
