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Reabold Resources plc

Oil prices nudged higher

Oil prices nudged higher on Wednesday on rising tensions over Iran, a sharp fall in U.S. crude stocks and positive signs on Sino-U.S. talks, although worries about weak demand kept a cap on gains.

Brent crude futures <LCOc1> were up 21 cents, or 0.3%, at $64.04 a barrel by 0719 GMT, after rising nearly 1% on Tuesday.

U.S. West Texas Intermediate crude <CLc1> was up 28 cents, or 0.5%, at $57.05 a barrel, having risen about 1% in the previous session.

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.