Oil is rising slightly while investors assess the Wagner paramilitary group's mutiny in Russia, remaining tempered by a gloomy economic context unfavorable to global demand.

Around 10:10 GMT (12:10 CET), a barrel of North Sea Brent, for delivery in August, rose 0.43% to $74.17. Its American equivalent, a barrel of West Texas Intermediate (WTI) for delivery in the same month, gained 0.33%

Prices hesitated early in the trading session, “with markets examining the potential impact of the weekend's coup in Russia,” explains Ricardo Evangelista, an analyst at ActivTrades. Russia was trying to return to normal on Monday with the lifting of security measures introduced during the Wagner group uprising