Oil prices have bumped a bit higher: Brent crude hit highs of $60.27 per barrel, and futures are now trading at $60.10, a gain of 1.3% today.
Demand for oil slumped at the start of the coronavirus outbreak, but it appears to be back, as prices broke through the $60 mark for the first time since the extent of the pandemic became clear.
The price of Brent crude oil futures, a global benchmark, rose to $60.06 per barrel on Monday, edging beyond the mark set on 20 February 2020, shortly before markets went into a tailspin.
Echo Energy plc (LON:ECHO) is a full cycle, exploration led, oil and gas focused AIM-listed E&P with an exciting asset base in Latin America.