Oil prices rise today

Oil prices have inched higher after China plans to import high volumes of the US crude in August and September.

Brent crude futures rose by $0.21 to reach $45.01 while the US West Texas Intermediate (WTI) increased by $0.27 to settle at $42.28 a barrel, Reuters reported.

Oil prices were supported by record crude imports from China and the easing of coronavirus-related lockdowns worldwide.

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.

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