By Royston Wild | Fool.co.uk: Friday 29 JAN 2016
Shares in fossil fuel giant Shell (LSE: RDSB) have enjoyed a solid bump higher in recent days following a meaty bounce in the oil price.
Crude values have shot skywards following chatter that an accord could be struck between OPEC and Russia to curtail production. The Brent benchmark has gained $5 since Monday and is now back above $35 per barrel, reaching levels not seen since the start of January.
Shell has subsequently seen its stock price appreciate 7% during the course of the week, adding to chunky gains seen in the prior 7-day period.