Shares of Beach Energy, Karoon Energy Fall as Oil Rises

MT Newswires Live

2025/08/19

The shares of Beach Energy (ASX:BPT) fell nearly 1%, while those of Karoon Energy (ASX:KAR) edged down, as oil prices rose after a meeting between US President Donald Trump and Ukrainian President Volodymyr Zelensky lowered expectations for a ceasefire.

The West Texas Intermediate crude rose around 1% to settle above $63 per barrel.

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