Oil prices will increase for the seventh consecutive week on Tuesday.
In the world market, prices of the commodity have shown no sign of easing, with United States crude oil posting its highest price since 2014. Industry experts said the increasing number of the population getting vaccinated around the world is fueling economic recovery.
On the other hand, oil producers maintain a gradual increase in output despite the surging demand.
Egdon Resources plc (LON:EDR) is an independent onshore focused oil and gas exploration and production business. An established oil and gas exploration and production business with 41 licences in proven oil and gas producing basins in the UK.