Oil prices increased on Wednesday on strong economic data from the US and China that is fueling quicker economic recovery projections, and with the more-than-expected crude oil inventory drawdown forecasts in the US.
International benchmark Brent crude was trading at $62.83 per barrel at 0626GMT for a 0.14% increase after closing Tuesday at $62.74 a barrel.
American benchmark West Texas Intermediate was at $59.41 per barrel at the same time for a 0.13% rise after it ended the previous session at $59.33 a barrel.
Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.