Oil prices rebounded early on Wednesday, recovering after two straight sessions of losses, as expectations of a hawkish Federal Reserve meeting later in the day and possible US crude stock drawdowns outweighed China demand worries.
Brent futures gained 14 cents to $76.04 a barrel at 9:15 a.m. Saudi time. US West Texas Intermediate crude futures increased 26 cents to $71.45 a barrel.
On Tuesday, Finance Minister Ricardo Bonilla said Colombia would continue to extract fossil fuels for “much longer” until it has other exports to replace the revenue from oil and coal.
Egdon Resources plc (LON:EDR) is an independent onshore focused oil and gas exploration and production business. An established oil and gas exploration and production business with 41 licences in proven oil and gas producing basins in the UK.