Oil prices rose on Wednesday, tracking gains in equities, as investors pinned hopes on a potential Brexit deal between Britain and the European Union and on signals from OPEC and its allies that further supply curbs could be possible.
Global benchmark Brent crude oil futures LCOc1 had risen 25 cents to $58.99 by 0621 GMT, up about 0.4% from the previous day’s close. U.S. West Texas Intermediate (WTI) crude CLc1 had gained 23 cents or 0.4% to $53.04 a barrel.
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.