Oil climbed more than 1 percent with U.S. crude futures hitting a 2019 high on Monday after tight supply and positive signs for the global economy drove both benchmarks’ largest first-quarter gains in nearly a decade.
U.S. West Texas Intermediate (WTI) futures were up 85 cents, or 1.4 percent, at $60.99 by 10:30 a.m. ET (1430 GMT), after reaching their highest in more than four months at $61.15. WTI gained 32 percent in the first quarter.
Brent crude for June delivery was up 93 cents, or 1.4 percent, at $68.51 after rising by more than a dollar in earlier trading and gained 27 percent in the January-March period.
Solo Oil PLC (LON:SOLO) is an investment company with the target of acquiring a diverse global portfolio of direct and indirect interests in exploration, development and production oil and gas assets, both on-shore and off-shore.