On Monday, Brent crude futures (the widely used benchmark for international oil prices) jumped over $70 a barrel for the first time since the COVID-19 outbreak, following reports of attacks on Saudi Arabian oil facilities.
The futures benchmark for May touched $71.16 a barrel in early Asian trade, while US West Texas Intermediate (WTI) crude for April reached $67.86 a barrel, its highest since October 2018.
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.