Oil prices set for largest monthly gain since January 2022

Oil prices were poised early on Monday to end July trading with the biggest monthly gain since January 2022, buoyed by tightening supply, expectations of a record demand, slower inflation in the U.S., and a still resilient American economy.  

As of Asian trading on Monday, both benchmarks were trading flat after another week of gains last week.

The U.S. benchmark WTI Crude was up by 0.04% early on Monday, well above the $80 per barrel mark, at $80.61. The international benchmark, Brent Crude, was slightly down from the $84.99 a barrel settlement on Friday, and traded at $84.93, down by 0.07% on the day.

Challenger Energy Group plc (LON:CEG) is a Caribbean and Atlantic margin focused oil and gas company, with a range of petroleum assets located onshore in Trinidad and Tobago, and Suriname, and offshore in the waters of The Bahamas and Uruguay.

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