Oil prices climb back to pre-pandemic levels

The price of oil has recovered to its pre-pandemic levels having hit an all-time low last year.

While demand for oil is still lower than normal, there are hopes of a speedier than expected economic recovery as vaccines are rolled out.

Oil prices are often seen as a barometer for economic activity, still struggling with the virus downturn.

“Black gold” has now reached $60 a barrel having risen more than 50% in the last few months.

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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