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Reabold Resources plc

Oil prices gain as US-China trade war optimism rekindles hope in markets

Oil prices began the week on a positive note as trade war news over the weekend from Washington that the US and China could soon sign an interim deal rekindled optimism in global markets.

In early trading, West Texas Intermediate (WTI) crude rose 26 cents, to $58.03 a barrel, having ended last week little changed, and  it was a similar case with Brent crude futures which were at $63.73, up 34 cents or 0.54 per cent.

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.

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