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Oil futures post a gain

Oil futures gained on Wednesday, buoyed by signs of improving energy demand after the Energy Information Administration reported a weekly rise in net U.S. petroleum imports and a decline in gasoline supplies.

The data also showed a 5.7 million-barrel weekly climb in crude-oil supplies, limiting the day’s price gain for oil. August West Texas Intermediate oil clq20 rose 28 cents, or 0.7%, to settle at $40.90 a barrel on the New York Mercantile Exchange.

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

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