Oil Steadies as Russia Port Restart Vies With Political Risk

Oil traded little changed as signs that activity had resumed at a key Russian port countered wider geopolitical risks to prices. Brent was near $64 a barrel after closing more than 2% higher on Friday following an attack on Novorossiysk, while West Texas Intermediate traded around $60. Two tankers moored on Sunday at the facility, indicating operational activity at the terminals. Most Read from Bloomberg “Brent crude oil prices continue to fluctuate in a $60-$70 a-barrel range, with the market focus sh ...