Oil prices stabilise

Oil prices steadiedafter two days of losses amid uncertainty over supply after the collapse this week of talks among major producers which could potentially cause the current output agreement to be abandoned.

Brent crude oil futures edged higher by 2 cents to $73.45 a barrel by 0413 GMT after earlier falling to as low as $72.93. U.S. West Texas Intermediate futures were down 10 cents, or 0.1%, at $72.10 a barrel.

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

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