Oil prices stabilised on Thursday after Brent crude posted its biggest one-day loss for seven weeks in the previous session, with gains on Russian supply curbs capped by an expected rise in U.S. inventories.
Brent crude futures rose 25 cents, or 0.3%, to $80.85 a barrel by 1004 GMT, compared with about $98 a barrel on the eve of Russia’s invasion of Ukraine a year ago.
West Texas Intermediate crude futures (WTI) advanced 26 cents, or 0.4%, to $74.21 after six sessions of losses.
Egdon Resources plc (LON:EDR) is an independent onshore focused oil and gas exploration and production business. An established oil and gas exploration and production business with 41 licences in proven oil and gas producing basins in the UK.