Oil prices edged slightly higher in volatile Asian trade on Friday, reversing earlier losses as the market weighed up the tight global supply concerns against recession fears.
Brent crude futures rose 48 cents, or 0.5 per cent, to $105.13 a barrel by 0630 GMT, after a near 4 per cent rise on Thursday. U.S. West Texas Intermediate crude inched up 3 cents to $102.76 a barrel, having settled 4.2 per cent higher a day earlier.
Egdon Resources plc (LON:EDR) is an independent onshore focused oil and gas exploration and production business. An established oil and gas exploration and production business with 41 licences in proven oil and gas producing basins in the UK.