Oil prices reversed a sharp sell-off a day earlier to rise about 2% on Friday on mounting fears that it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude and refined products.
Brent crude was higher by $1.09, or 1.8%, at $63.04 a barrel by 0750 GMT, after dropping 3.8% on Thursday.
U.S. West Texas Intermediate (WTI) crude was up $1.22, or 2.1%, at $59.78 a barrel, having tumbled 4.3% a day earlier.
Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.