Crude oil prices bounce higher

Oil prices rose in thin trade in early Asian hours on Monday as the US dollar’s strength eased while investors awaited data from China to gauge demand at the world’s top crude oil importer.

Brent crude futures LCOc1 rose 85 cents, or 0.9%, to $92.48 a barrel by 0019 GMT, recovering from a 6.4% fall last week. US West Texas Intermediate crude CLc1 was at $86.34 a barrel, up 73 cents, or 0.9%, after a 7.6% decline last week.

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.

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