Oil price steadied after a two-day decline

Oil price steadied after a two-day decline as investors assessed a demand outlook clouded by the comeback of Covid-19 in many regions.

Futures traded above $68 a barrel in New York after sliding more than 2% over the past two sessions. While there are pockets of robust demand emerging in some regions including Europe, the fast-spreading delta virus variant has resulted in renewed lockdowns in other areas. A stronger dollar has also made commodities priced in the currency more expensive.

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.

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