Oil prices firmed in Asian trade on Wednesday on falling U.S. crude inventory figures from API, a lower greenback and some optimism on the outlook for China’s demand and economy.
A high likelihood that OPEC+ would leave output unchanged at its upcoming meeting limited gains.
Brent crude futures had firmed 70 cents or 0.84% to $83.73 per barrel by 0732 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed 56 cents or 0.72% to $78.76 per barrel.
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.