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Oil prices rise today

Oil prices rose on Thursday in the third day of positive price movements for the commodity, as the market responds favorably to OPEC’s meeting chatter.

WTI crude prices rose by more than 2% by 1:00 pm EDT on Thursday, reaching more than $41 per barrel. Brent Crude hit $43.39 by 1:00 pm EDT, a 2.77% jump on the day.

The upward price movement is despite actions on the U.S. Gulf Coast as producers start to get back online after a devastating and slow-moving Hurricane Sally.

PetroNeft Resources plc (LON:PTR) is an international oil and gas exploration and production company, focussed on Russia. The company’s s shares are listed on the London AIM and Dublin ESM Markets.

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