Oil prices edged higher on Tuesday after Israel struck Rafah in Gaza, while negotiations for a ceasefire with Hamas continued without resolution.
Brent crude futures were up 9 cents, or 0.11%, at $83.42 per barrel at 0635 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 7 cents, or 0.09%, to $78.55 a barrel.
“Oil prices opened up this morning, with some roadblocks in the ceasefire talks between Israel and Hamas leading market participants to price for geopolitical tensions to potentially drag for longer,” said Yeap Jun Rong, market strategist at IG.
Serinus Energy plc (LON:SENX) is an international oil company with operations in Romania and Tunisia. The focus of the Company is to enhance shareholder value by growing oil and gas production through the efficient allocation of capital.