Crude oil futures strengthened during mid-morning trade in Asia Feb. 15 as the demand outlook brightened on hopes that the coronavirus pandemic is abating and on expectations of an upcoming stimulus package from the US. The gains are also buoyed by the tightness in supply from OPEC+ production cuts and supplemented by disrupted production in the US.
At 10:52 am Singapore time (0252 GMT), the ICE Brent April contract was up by $1.26/b (2.01%) from the Feb. 12 settle to $63.68/b, while the March NYMEX light sweet crude contract was up $1.26/b (2.11%) to $60.73/b.
Serinus Energy plc (LON:SENX) is an international oil company with operations in Romania and Tunisia. The focus of the Company is to enhance shareholder value by growing oil and gas production through the efficient allocation of capital.