Oil set for second week of gains

Oil prices extended gains on Friday and were on track to rise for a second week on heightened fears that the Israel-Gaza crisis may spread in the Middle East and disrupt supply from one of the world’s top-producing regions.

Brent crude futures was up 75 cents to $93.13 a barrel by 0815 GMT. U.S. West Texas Intermediate crude was at $90.04 a barrel, up 67 cents. The front-month November contract expires on Friday.

The more active December WTI contract was up 81 cents at $89.18 a barrel.

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

Union Jack Oil plc (LON:UJO), a predominantly UK onshore focused production, development and exploration company, has announced details of its initial expansion into the United States of America, with the purchase of three Mineral Royalty packages, brokered by