Oil prices rise on world markets

Oil prices have increased on the world markets.

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $2.01 to trade at $95.03, while the price of the Light crude oil at the NYMEX (New York Mercantile Exchange) increased $1.67 to stand at $88.54.

Brent crude futures had risen $2.42, or 2.6%, to $95.44 a barrel by 0641 GMT after gaining 0.7% on Friday. U.S. West Texas Intermediate crude was at $88.92 a barrel, up $2.05, or 2.4%, following a 0.3% advance in the previous session.

Valeura Energy Inc (LON:VLU) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play. 

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