With the Fed’s long-awaited rate hike out of the way and bombs raining again on Ukraine, what do commodity investors do? Chase up prices, that’s what—at least oil prices.
Crude prices jumped 3% in Monday’s Asian trading, adding to last week’s gain of around 4%. Oil’s latest fervor came amid a fresh spike in geopolitical tensions as Ukrainian forces dug in against heavy Russian attacks.
Crude also got a fundamental boost as major oil producers in OPEC+ reported they were struggling to produce quotas allotted under their supply agreement.
Valeura Energy Inc (LON:VLU) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.