Oil prices surge to near four-year high

Oil prices have jumped to the highest level for nearly four years after Saudi Arabia and Russia ruled out any immediate increase in production.

The decision on Sunday was effectively a rebuff to US President Donald Trump, who called for immediate action to raise global supply.

 

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector listed on the London Stock Exchange AIM market.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Union Jack Oil

More articles like this

Union Jack Oil

Oil prices firm after OPEC+ extends output cuts

The OPEC+ group of oil producers is holding firm on measures to boost prices. On Sunday, members agreed to extend oil output cuts of 2.2 million barrels per day into the second quarter. That’s a bid