Oil in London climbed above $50 a barrel for the first time since the pandemic ground the global economy to a halt in a remarkable rally that few predicted would happen this soon.
Global benchmark futures surged 2.8% Thursday, reaching a nine-month high.
The rebound represents a startling turnaround for a market that was brought to its knees earlier this year by an unprecedented loss of demand.
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.