Oil futures climbed on Tuesday to finish at fresh multiyear highs, on reports that Russia’s offer to boost natural-gas supplies to Europe may come with a catch.
West Texas Intermediate crude for November delivery CLX21, -0.84% rose 52 cents, or 0.6%, to settle at $82.96 a barrel on the New York Mercantile Exchange, the highest front-month contract finish since Oct. 13, 2014, according to Dow Jones Market Data. The contract expires at the end of Wednesday’s trading session. December WTI CL00, -0.74% CLZ21, -0.74%, the most actively traded contract, added 75 cents, or 0.9%, at $82.44 a 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.