Oil rises 1% as supplies shrink

Oil prices edged up 1% on Monday with a rise in U.S. gasoline futures and forecasts for oil demand to rise in the second half of the year, while supplies from Canada and OPEC+ declined in recent weeks.

Oil prices, however, were held in check by a stronger dollar and as the market waited for news on the U.S. debt ceiling talks.

Brent futures for July delivery rose 41 cents, or 0.5%, to settle at $75.99 a barrel.

Serinus Energy plc (LON:SENX) is an international oil company with operations in Romania and Tunisia. The focus of the Company is to enhance shareholder value by growing oil and gas production through the efficient allocation of capital.

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