All quiet after the Russian infighting over the weekend which probably disappoints many bears out there:
There appears to be some kind of ceasefire without a full conclusion. A coordinated release today in Russian media saying that criminal proceedings against Prigozhin were still ongoing suggests we haven’t seen the final chapter yet. At the same time, full-on civil war looks far less likely with Putin appearing to be in control.
Oil up 40-cents to start the week. Note that the crude market late on Friday erased a $2 decline to finish the day flat.