Goldman Sachs on the weekend's coup attempt in Russia, impact on oil pricing

A snippet from Goldman Sachs on the crude impact of the bumbling cpoup attempt in Russia over the weekend:

• likely immediate effect of mutiny will be on future crude oil pricing, not spot prices
• “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 at some point in the future”

Oil price update:

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ICYMI from the weekend:

• Prigozhin to leave for Belarus, case against him to be dropped
• Prigozhin says convoys returning to bases
• A full-scale mutiny is under way in Russia
• Russia accuses Wagner boss of armed mutiny. Tanks in the streets in Moscow