Oil prices rose for the second session in a row, as concerns about political instability in Russia counter-balanced concerns about global demand.

Brent crude futures rose 6 cents to $74.24 a barrel, while US West Texas Intermediate (WTI) futures gained 10 cents to $69.47 a barrel.

Brent rose 0.5 percent and the WTI rose 0.3 percent.

This came after the Wagner Group announced its control of the Russian border city of Rostov-on-Don last Saturday, after tensions escalated between the military leadership of the Russian army and the leader of Wagner, Yevgeny Prigozhin, who announced at a later time that he will stop the movements of his forces and take more steps to de-escalate tensions.

Source: Qatar News Agency