Oil rises ahead of key central bank meetings

Oil prices rose in early Asian trade on Tuesday ahead of global central bank meetings and as tensions in the Middle East remained high.

Brent crude futures LCOc1 rose 46 cents, or 0.53%, to $87.91 a barrel by 0001 GMT while U.S. West Texas Intermediate crude CLc1 climbed 33 cents, or 0.4%, to $83.64 a barrel.

Oil fell more than 3% on Monday as Israel’s attacks on Gaza escalated although fears eased that the Israel-Hamas war would disrupt supply from the region.

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

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Union Jack Oil expands into USA with three mineral royalty packages

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