Oil prices rose on Friday, bouncing off their lowest levels since February in the previous session, as supply shortage concerns were enough to cancel out fears of slackening fuel demand.
Brent crude rose 55 cents, or 0.6%, to $94.67 a barrel by 0630 GMT, while U.S. West Texas Intermediate crude was up 65 cents, or 0.8%, at $89.19 a barrel.
Oil prices have come under pressure this week as the market fretted over the impact of inflation on economic growth and demand, but signs of tight supply kept a floor under prices.
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.