Oil benchmark Brent held above $88 on Wednesday as concerns about war escalating in the Middle East offset demand worries stemming from gloomy economic prospects in Europe.
Brent crude futures were up 11 cents to $88.18 a barrel at 0948 GMT, while U.S. West Texas Intermediate crude futures slipped 5 cents to $83.69 a barrel.
Countries are pushing for a pause or ceasefire in fighting between Israel and Hamas in the Gaza Strip so that humanitarian aid can be delivered to besieged Palestinian civilians.
Wildcat Petroleum plc (LON:WCAT) was incorporated in early 2020, with plans to work and invest in the upstream sector of the petroleum industry – namely exploration, appraisal, development and production of oil and gas.