Oil prices skyrocketed on Monday morning as U.S. President Donald Trump’s health appears to have improved after testing positive for the coronavirus on Thursday evening.
At 11:06 a.m. EDT, the price of the WTI benchmark had risen by 6.15% to $39.33. While the gains are substantial for the day, they are still under the $40 per barrel mark, and still under where prices were just a week ago, as both major benchmarks stumbled on Friday as reports came in that President Trump had tested positive.
PetroNeft Resources plc (LON:PTR) is an international oil and gas exploration and production company, focussed on Russia. The company’s s shares are listed on the London AIM and Dublin ESM Markets.