Oil, Natural Gas And Wheat Prices Climb On Russia Coup Attempt

Crude oil prices for front-month deliveries climbed over 1% on Monday . Crude prices could be under pressure after Russian President Vladimir Putin decided to extend measures until the end of the year, restricting the sale of the country’s oil and oil products to “unfriendly” nations. West Texas Intermediate (WTI) for August contracts rose 1.11%, selling at $69.93 per barrel at 1:18 pm ET. Brent for the same month’s settlements added 1.10%, going at $74.70 per barrel. In Europe  natural gas prices and the wheat futures in Chicago rose on Monday, following a chaotic weekend in Russia where the Wagner mercenary group staged a short-lived revolt and a march on Moscow that never reached the Russian capital. Early on Monday, Chicago wheat futures gained 2.5%, while European natural gas prices jumped by more than 5%. Oil  bases West Texas Intermediate (WTI) for August contracts rose 1.11%, selling at $69.93 per barrel at 1:18 pm ET. Brent for the same month’s settlements added 1.10%, going at $74.70 per barrel.markets. On Tuesday European open oil continued to climb with  WTI  up .40 cents trading at $70 a barrel and  Brent up .30 cents trading close to $75 a barrel.