Brent oil rose past US$65 a barrel as a worsening US energy crisis took out almost 40 per cent of the nation’s crude production.
Futures in London climbed as much as 1.4 per cent at the open after closing at the highest in almost 13 months. The global crude benchmark last traded above US$65 on Jan 21, 2020, before Covid-19 wreaked havoc on global energy markets.
Echo Energy plc (LON:ECHO) is a full cycle, exploration led, oil and gas focused AIM-listed E&P with an exciting asset base in Latin America.