Oil prices rose on Monday as the slow return of U.S. crude output cut by frigid conditions served as a reminder of the tight supply situation, just as demand recovers from the depths of the COVID-19 pandemic.
Brent crude was up 33 cents, or 0.5%, at $63.24 a barrel by 0945 GMT, after gaining nearly 1% last week. U.S. oil rose 23 cents, or 0.4%, to $59.47 a barrel, having fallen 0.4% last week.
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.