Oil prices rose on Friday amid the ongoing OPEC-led supply cuts and US sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly rise since 2009.
US West Texas Intermediate (WTI) futures were at $59.34 per barrel at 8.02am, up 36 cents, or 0.6 per cent, from their last settlement.
WTI futures were set to rise for a fourth straight week and were on track to rise 30 per cent in the first three months of the year.
Solo Oil PLC (LON:SOLO) is an investment company with the target of acquiring a diverse global portfolio of direct and indirect interests in exploration, development and production oil and gas assets, both on-shore and off-shore.