Oil gained as the dollar weakened and equities rallied before interest-rate decisions by major central banks.
West Texas Intermediate futures climbed to trade near US$88 a barrel after losing around 3 per cent over the previous two sessions. The Federal Reserve is scheduled to make a decision on rates on Wednesday, as central banks continue to tighten monetary policy to tame inflation. Chinese stocks surged on speculation that policymakers are making preparations to exit COVID restrictions.
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.