Crude prices were lower this morning but the longer term recovery from earlier low points remains in place.
Both Brent crude, which is used in more than half of all international contracts, and West Texas Intermediate (WTI) were down on their previous closing prices, but were still notably higher than a month ago.
But while prices remain well below their levels of a year ago, they have staged a steady recovery.
President Energy plc (LON:PPC) is an independent oil and gas company focusing primarily on high margin production opportunities in Latin America.