Woodside Energy Group Inches Down, Santos Up as Oil Declines Ahead of OPEC+ Decision

MT Newswires Live

2025/07/01

Shares of Woodside Energy Group (ASX:WDS) fell 0.1%, while those of Santos (ASX:STO) rose 0.1% in recent trading on Tuesday after oil prices continued their decline ahead of a decision by OPEC+, consisting of the Organization of the Petroleum Exporting Countries as well as other oil-producing countries, on production quotas this week.

Brent crude oil futures traded below $67 per barrel, while the West Texas Intermediate was near $65 per barrel.

The OPEC+ is expected to agree to a fourth monthly major supply increase at a meeting on Sunday, Bloomberg News reported, citing a survey.

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