Oil prices showed a limited rise on Tuesday as the new US Administration pledges a higher pandemic relief plan, although the global rise in coronavirus cases and ongoing mitigation efforts are fueling oil demand concerns.
International benchmark Brent crude was trading at $55.89 per barrel at 0654 GMT for a 0.41% increase after closing Monday at $55.66 a barrel.
American benchmark West Texas Intermediate (WTI) was at $52.53 per barrel at the same time for a 0.54% increase after it ended the previous session at $52.25 a barrel.
PetroNeft Resources plc (LON:PTR) is an international oil and gas exploration and production company, focussed on Russia. The company’s shares are listed on the London AIM and Dublin ESM Markets.