Oil prices rose on Thursday with the weaker dollar while fears of weak demand caused by a global economic slowdown capped further price gains.
International benchmark Brent crude traded at $78.80 per barrel at 09.44 a.m. local time (0644GMT), up 1.23% from the closing price of $77.84 a barrel in the previous trading session.
American benchmark West Texas Intermediate (WTI) traded at $73.81 per barrel at the same time, a 1.33% gain after the previous session closed at $72.84 a barrel.
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.