Oil prices climbed on Friday on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China’s COVID-19 curbs and weak global growth continued to limit gains.
Brent crude futures rose $2.72, or 2.9%, to $95.08 a barrel by 0900 GMT and U.S. West Texas Intermediate (WTI) crude futures advanced $2.62, or 3%, to $89.23.
Both benchmarks slid 3% to two-week lows in the previous session and Brent was on course for a weekly drop of nearly 6% while WTI was set for a fall of about 4% over the week.
Valeura Energy Inc (LON:VLU) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.
