Santos, Woodside Energy Shares Plummet as Oil Prices Crash

MT Newswires Live

2025/04/04

Shares of Santos (ASX:STO) declined nearly 7%, while those of Woodside Energy Group (ASX:WDS) fell past 6% in recent trading on Friday after oil prices crashed in the wake of US President Donald Trump's tariff announcement and a planned output increase by the Organization of the Petroleum Exporting Countries.

Oil prices dropped Thursday, recording their biggest percentage loss since 2022.

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