Oil prices stabilized Wednesday after registering significant declines the day before on concerns that a looming recession will hurt demand.
West Texas Intermediate crude oil, the U.S. standard, was rising 0.8% to $96.59 a barrel. Brent crude, the international benchmark, rose 1.1% to $100.60. Both contracts dropped about 7% on Tuesday and have fallen from $122 a barrel, or at least 18%, a month ago.
Valeura Energy Inc (LON:VLU) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.