Oil prices rose nearly 20 percent Wednesday, a sign of a stabilizing market after trading went into negative pricing for the first time in history at the start of the week.
West Texas Intermediate settled at $13.78 per barrel, up from around $11 Tuesday.
Those prices are a remarkable jump from Monday, when oil traded as low as negative $40 a barrel. The negative prices were caused by a drastic 30 percent cut in the demand for fuel that left companies effectively paying others to store their crude.
Solo Oil PLC (LON:SOLO) is an investment company with the target of acquiring a diverse global portfolio of direct and indirect interests in exploration, development and production oil and gas assets, both on-shore and off-shore.