2023-10-16 10:51:34
By 10:30 GMT, the energy giant’s shares rose by 1.51 percent, bringing the share price to 2,762.5 pence per share, bringing the company’s market value to 185.35 billion pounds sterling.
Shell’s share price has risen more than 10 percent since October 4, when OPEC+ pledged to keep current production levels unchanged.
The company’s shares also rose by more than 7 percent, since the spark of escalation in Gaza on October 7, which raised concerns regarding oil supplies from the Middle East.
The price of Brent crude rose by more than 7 percent last week, in the best weekly performance since February, to more than $90 per barrel.
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