Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production, and on coronavirus optimism after U.S. regulators approved the use of blood plasma from recovered patients as a treatment option.
Brent futures LCOc1 had gained 9 cents, or 0.2%, to $44.44 a barrel by 0634 GMT, while U.S. West Texas Intermediate crude CLc1 was up 9 cents, or 0.2%, to $42.43 a barrel. Both benchmark contracts had risen early on Monday.
PetroNeft Resources plc (LON:PTR) is an international oil and gas exploration and production company, focussed on Russia. The company’s s shares are listed on the London AIM and Dublin ESM Markets.