Russia's Political Turmoil Sends Oil Prices Fluctuating

Oil prices fluctuated as investors assessed the potential for more civil unrest in Russia after the recent rebellion in the major OPEC+ producer. West Texas Intermediate traded near $69 a barrel and Brent was steady after both benchmarks pared earlier gains of more than 1%. Russia is a key producer in the OPEC+ coalition, and any prolonged turmoil in the nation could reverberate through global oil markets. However, Goldman Sachs Group Inc. said the impact on oil prices could be limited because markets are often focused on spot fundamentals, which have not changed.