{"id":28757,"date":"2023-06-28T15:31:31","date_gmt":"2023-06-28T19:31:31","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/oil-ends-lower-shaking-off-russia-mutiny\/"},"modified":"2023-06-28T15:31:32","modified_gmt":"2023-06-28T19:31:32","slug":"oil-ends-lower-shaking-off-russia-mutiny","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=28757","title":{"rendered":"Oil ends lower, shaking off Russia mutiny"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002216474\" role=\"document\">\n<p>Oil futures ended lower on 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\u2019s grip on power.<\/p>\n<h2>Price action<\/h2>\n<ul class=\"articleList\">\n<li>\n      West Texas Intermediate crude for August delivery<br \/>\n        CL00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209723049\/delayed\" class=\"positive\">+2.25%<\/bg-quote><\/p>\n<p>        CL.1,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/211629951\/delayed\" class=\"positive\">+2.25%<\/bg-quote><\/p>\n<p>        CLQ23,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209725769\/delayed\" class=\"positive\">+2.25%<\/bg-quote><br \/>\n       fell $1.67, or 2.4%, to finish at $67.70 a barrel on the New York Mercantile Exchange.<\/p>\n<\/li>\n<li>\n      August Brent crude<br \/>\n        BRNQ23,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209705493\/delayed\" class=\"negative\">-0.46%<\/bg-quote><span>,<\/span><br \/>\n       the global benchmark, declined $1.92, or 2.6%, to settle at $72.26 a barrel on ICE Futures Europe. September Brent<br \/>\n        BRN00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209704782\/delayed\" class=\"negative\">-0.46%<\/bg-quote><\/p>\n<p>        BRNU23,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209705622\/delayed\" class=\"negative\">-0.46%<\/bg-quote><span>,<\/span><br \/>\n       the most actively traded contract, dropped $1.84, or 2.5%, to $72.51 a barrel.<\/p>\n<\/li>\n<li>\n      Back on Nymex, July gasoline<br \/>\n        RBN23,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/215376520\/delayed\" class=\"positive\">+2.89%<\/bg-quote><br \/>\n       fell 0.8% to close at $2.517 a gallon, while July heating oil<br \/>\n        HON23,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/215376439\/delayed\" class=\"\"><\/bg-quote><br \/>\n       declined 1.6% to $2.399 a gallon.<\/p>\n<\/li>\n<li>\n      July natural gas<br \/>\n        NGN23,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210191117\/delayed\" class=\"negative\">-5.54%<\/bg-quote><br \/>\n       fell 1% to $2.763 per million British thermal units.<\/p>\n<\/li>\n<\/ul>\n<h2>Market drivers<\/h2>\n<p>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.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/oil-prices-slump-shaking-off-russia-mutiny-7abb409d?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil futures ended lower on 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\u2019s grip on power. Price action West Texas Intermediate crude for August delivery CL00, +2.25% CL.1, +2.25% CLQ23, +2.25% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-28757","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oil ends lower, shaking off Russia mutiny | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Oil futures ended lower on Tuesday after delivering only a modest rise the previous session following a chaotic weekend in Russia that saw the mercenary\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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