Oil prices inched higher on Monday as worries about tight supply persisted even as investors eyed the release of supplies from strategic reserves from consuming nations and a truce in Yemen sparked hopes that supply issues in the Middle East could abate.
Brent crude futures were up 9 cents, or 0.09%, to $104.48 a barrel by 0427 GMT while US West Texas Intermediate crude was at $99.30 a barrel, up 3 cents, or 0.03%. Both contracts slipped $1 when markets opened on Monday.
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.