LONDON—Oil prices fell on Monday after a revolt by Russian mercenaries over the weekend, though the political instability did not appear to pose an immediate threat to oil supply from one of the world’s largest producers.
Brent crude futures were down 8 cents, or 0.1 percent, at $73.77 a barrel by 0900 GMT. U.S. West Texas Intermediate crude (WTI) was down 17 cents, or 0.3 percent, at $68.99. Both benchmarks gained as much as 1.3 percent in early Asian trade.
A clash between Moscow and Russian mercenary group Wagner was averted on Saturday after the armed mercenaries withdrew from the southern Russian city of Rostov under a deal that halted their advance on the capital….