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Reabold Resources plc

Oil rises to highest price in almost a month

Oil jumped to the highest in almost four weeks as U.S. crude exports surged and the expansion of domestic inventories slowed dramatically.

Futures rose as much as 2.3% in New York on Thursday. American oil exporters shipped the equivalent of more than one-fourth of the nation’s output to foreign buyers, a government report showed. That followed bullish macroeconomic and geopolitical developments including Chinese fiscal stimulus and new threats to supplies from Africa and Latin America.

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 and West Newton in the UK.

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