Oil prices rally to highest close since Dec. 1

Oil prices settled 1% higher on Thursday, extending a recent rally built around rising Chinese demand, while the market wrote off a second straight week of large builds in U.S. crude inventories.

Brent crude futures gained $1.18, or 1.4%, to settle at $86.16 per barrel, while U.S. West Texas Intermediate (WTI) crude futures rose by 85 cents, or 1.1%, to settle at $80.33 per barrel. Those were the highest closing levels for both contracts since Dec. 1.

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Union Jack Oil

More articles like this

Union Jack Oil

Union Jack Oil expands into USA with three mineral royalty packages

Union Jack Oil plc (LON:UJO), a predominantly UK onshore focused production, development and exploration company, has announced details of its initial expansion into the United States of America, with the purchase of three Mineral Royalty packages, brokered by

Union Jack Oil

Oil and Gas companies to follow in 2024

Union Jack Oil UK-focused oil and gas producer Union Jack Oil (AIM:UJO) has continued to profit from the highly successful resumption of production at its flagship Wressle asset, generating revenues underpinning plans for future ventures. The company’s flagship

Union Jack Oil

Union Jack Oil Wressle CPR Shows 263% Increase in 2P Reserves

Union Jack Oil plc (LON:UJO), an onshore hydrocarbon production, development and exploration company, principally focused in the UK, has provided its summary of the Competent Person’s Report for the Wressle field and Broughton North Prospect, dated 31