Australian Oil Producers' Shares Rise After OPEC+ Countries Reaffirm Production Hike in July

MT Newswires Live

2025/06/03

The stock prices of Australia's oil producers rose in early trading on Tuesday after eight OPEC+ countries reaffirmed their commitment to raise production by 411 thousand barrels per day in July from the June required production level.

Woodside Energy Group's (ASX:WDS) shares jumped 3%, while those of Santos (ASX:STO) advanced 1%.

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