Oil prices rose on Wednesday on threats that Russia will walk away from its energy supply contracts, reversing losses from earlier in the session when prices fell to their lowest since Russia invaded Ukraine.
Brent crude futures were up 85 cents, or 0.92%, at $93.68 a barrel by 0931 GMT, having earlier hit their lowest since Feb. 18 at $91.20.
U.S. West Texas Intermediate crude futures gained 80 cents, or 0.92%, to $87.68. The benchmark had earlier fallen to a session low of $85.08, the weakest since Jan. 26.
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.