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Reabold Resources plc

Crude oil futures higher

Crude oil futures were higher during mid-morning trade in Asia Tuesday on market optimism ahead of the US-China phase one trade deal signing this week.

At 10:45 am Singapore time (0245GMT), the front-month March ICE Brent crude futures rose 20 cents/b (0.31%) from Monday’s settle at $64.40/b, while the NYMEX February light sweet crude contract was 16 cents/b (0.28%) higher at $58.23/b.

According to media reports, US dropped China’s label of a currency manipulator ahead of the trade deal, which lifted markets on a fresh wave of optimism.

Reabold Resources plc (LON:RBD) is an investor in near-term, high growth upstream oil & gas projects where an injection of its capital facilitates near-term activity. Reabold’s assets include Monroe Swell, West Brentwood & Grizzly Island, in California, US and West Newton in the UK.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.