Oil prices rose on Thursday after falling for three straight sessions, as the dollar weakened and China’s central bank sought to bolster the property market and wider economy.
Brent crude futures rose 67 cents, or 0.8%, to $84.12 a barrel, while U.S. West Texas Intermediate crude (WTI) was up $1.01, or 1.3%, at $80.93 a barrel.
Prices fell more than 1.5% in the previous session on worries about China’s embattled economy and potential for further increases in U.S. interest rates.
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.