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Oil price gains continue

Oil extended gains after House Speaker Nancy Pelosi said a stimulus deal is close to being reached in Washington.

Futures in New York rose as much as 2.2% on Thursday. Pelosi said the two sides are “just about there” and progress has been made all week in talks. Meanwhile, the number of Americans filing for unemployment benefits fell more than expected, pointing to a gradual recovery in the labor market.

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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