Oil prices began the week on a positive note as trade war news over the weekend from Washington that the US and China could soon sign an interim deal rekindled optimism in global markets.
In early trading, West Texas Intermediate (WTI) crude rose 26 cents, to $58.03 a barrel, having ended last week little changed, and it was a similar case with Brent crude futures which were at $63.73, up 34 cents or 0.54 per cent.
Reabold Resources plc (LON:RBD) is an investor in near-term, high growth upstream oil & gas projects where an injection of its capital facilitates near-term activity. Reabold’s assets include Monroe Swell, West Brentwood & Grizzly Island, in California, US.