Oil prices climbed by more than 3% on Tuesday, extending the previous day’s rebound of almost 5% as concerns eased further about the impact on global fuel demand of the Omicron coronavirus variant.
Brent crude futures settled up $2.36, or 3.2%, at $75.44 a barrel, after Monday’s rise of 4.6%. U.S. West Texas Intermediate crude rose $2.56, or 3.7%, to $72.05, building on a 4.9% gain the previous session. At the session highs on Tuesday, each contract was up more than $3.
Echo Energy plc (LON:ECHO) is a full cycle, exploration led, oil and gas focused AIM-listed E&P with an exciting asset base in Latin America.