Be sure to check our sister interview main ratings news website

Oil prices leap higher

Oil prices jumped by 4 percent early on Monday, bolstered by another potential vaccine breakthrough, as well as bullish economic data from China.

As of 9:14 a.m. ET on Monday, WTI Crude was up 4.46 percent at $41.92 and Brent Crude was trading up 3.95 percent at $44.48.

Prices shot up after Moderna said on Monday that the Phase 3 study of its vaccine candidate—which had enrolled more than 30,000 participants in the U.S.—had met statistical criteria with a vaccine efficacy of 94.5 percent. Moderna plans to file for an Emergency Use Authorization (EUA) with the U.S. Food and Drug Administration (FDA) in the coming weeks and submit applications for authorizations to global regulatory agencies.

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

Read in Full
Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Union Jack Oil

More articles like this

Union Jack Oil

Oil prices rise amid sanctions reversal

27th January 2025

Oil markets remain resilient amid geopolitical tensions. Prices edged up on Monday despite supply concerns, with Brent crude reaching $78.88 a barrel.

Union Jack Oil

Oil markets edge up as investors weigh China’s growth promise

2nd January 2025

Oil prices gained modest ground as 2025 began, reflecting cautious optimism among investors analysing China’s economic outlook and fuel demand. A commitment from Chinese President Xi Jinping to implement growth-focused policies has prompted speculation about potential

Union Jack Oil

Positive steps forward for Union Jack Oil

28th November 2024

Union Jack Oil plc announced encouraging developments in the Taylor 1-16 well in Seminole County, Oklahoma. The well, drilled by operator Reach Oil and Gas Inc., has revealed a high-quality hydrocarbon-bearing reservoir, with two additional potential

Union Jack Oil

Oil prices see modest recovery amid rising tensions

18th November 2024

Oil prices experienced a slight increase on Monday as escalating conflict between Russia and Ukraine captured global attention. Brent crude rose by 55 cents (0.8%) to $71.59 a barrel, while U.S. West Texas Intermediate crude climbed

Union Jack Oil

Oil prices gain amid market uncertainty

13th November 2024

Oil prices remained steady near two-week lows on Wednesday, with markets cautiously eyeing global demand and recent OPEC projections. OPEC reduced its growth forecasts for oil demand in 2024 and 2025, attributing the adjustment to economic

Union Jack Oil

Oil prices edge up amid strategic reserve plans

29th October 2024

Oil prices showed an increase on Tuesday after a significant drop of 6% in the prior session. The rise came as the United States outlined a plan to purchase oil for its Strategic Petroleum Reserve (SPR),

Union Jack Oil

Oil prices recover after sharp decline

21st October 2024

Oil prices experienced a modest recovery in Asian trading on Monday, following a significant drop of more than 7% last week. The fall was driven by concerns over weakening demand in China, the world’s largest oil

© 2024 – DirectorsTalk. All rights reserved. Reproduction in whole or in part, in any form or medium without express written permission is prohibited.