The failed mutiny raised concerns among investors about political instability in Russia and the potential impact on oil supply from one of the world's largest producers.
A pump is seen at a gas station in Manhattan, New York City, U.S., August 11, 2022. REUTERS/Andrew Kelly
Brent crude futures rose 95 cents, or 1.3%, to $74.80 a barrel by 2300 GMT on Sunday. U.S. West Texas Intermediate crude was at $70.04 a barrel, up 88 cents, or 1.3%. RBC Capital Markets analyst Helima Croft said there were concerns that Putin would declare martial law, preventing workers from showing up to major loading ports and energy facilities, potentially halting millions of barrels of exports.
Goldman Sachs analysts said markets may price a moderately higher probability that domestic volatility in Russia leads to supply disruptions or has a sizable negative impact on oil supply in the future.
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