Shares of Woodside Energy, Santos Surge as Oil Markets Brace for Price Rally

MT Newswires Live

06/16

The stock prices of Australia's major oil producers surged in early trading on Monday, as oil markets brace for another price rally after Israel conducted strikes on Iranian energy assets over the weekend, increasing the potential risk to Middle East supplies.

The shares of Woodside Energy Group (ASX:WDS) rose over 4%, while those of Santos rallied past 12%.

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