Oil prices edged up on Thursday after recording three straight days of losses as a large drop in US crude stocks helped offset persistent worries about China’s economic growth.
Brent, the benchmark for two thirds of the world’s oil, was trading 0.46 per cent higher at $83.83 a barrel at 11.21am UAE time, while West Texas Intermediate, the gauge that tracks US crude, was up 0.39 per cent at $79.69.
On Wednesday, Brent settled 1.70 per cent lower at $83.45 a barrel, while WTI was down 1.99 per cent at $79.38.
Wildcat Petroleum plc (LON:WCAT) was incorporated in early 2020, with plans to work and invest in the upstream sector of the petroleum industry – namely exploration, appraisal, development and production of oil and gas.