Following the biggest daily slide in three weeks on Wednesday, oil prices rose by more than 2 percent on Thursday morning after House Speaker Nancy Pelosi instilled hope in the markets that a deal on a new U.S. stimulus package could be imminent.
As of 11:37 a.m. EDT on Thursday, WTI Crude was rising by 2.25 percent at $40.94, and Brent Crude prices were up 2.28 percent at $42.70.
Oil prices were only slightly up in earlier trade, but extended gains after Speaker Pelosi said that talks with Treasury Secretary Steven Mnuchin continue and a deal could be imminent.
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.