Oil prices rose on Wednesday, erasing earlier losses, after an incident involving a commercial vessel off the coast of Oman, but rising COVID-19 cases in China capped gains.
Brent crude futures gained 65 cents, or 0.7%, to $94.51 a barrel by 0854 GMT, and US West Texas Intermediate (WTI) crude futures rose 35 cents, or 0.4%, to $87.27 a barrel. Both benchmarks fell more than $1 earlier in the session.
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.