Oil prices up as US economy shows positive signs

Crude oil prices increased on Thursday on positive economic recovery signs in the US and with a large draw on the country’s fuel inventories.

International benchmark Brent crude was trading at $68.28 per barrel at 0658 GMT for a 0.55% increase after closing Wednesday at $67.90 a barrel.

American benchmark West Texas Intermediate (WTI) was at $64.83 per barrel at the same time for a 0.60% rise after it ended the previous session at $64.44 a barrel.

Valeura Energy Inc (LON:VLU) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.

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