Oil prices rose on Wednesday, recovering from six-month lows hit the previous day, as a larger-than-expected drop in U.S. oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by the prospect of a global recession.
Brent crude LCOc1 futures rose 56 cents, or 0.6%, to $92.90 a barrel by 0415 GMT. West Texas Intermediate (WTI) crude CLc1 futures climbed 62 cents, or 0.7%, to $87.15 a barrel.
Zephyr Energy plc (LON:ZPHR) is an investment platform formed to aggregate responsibly-developed, economically-attractive oil and gas interests in the Rocky Mountain region of the United States.