Shares of Santos, Beach Energy Rise as Oil Climbs on US Sanctions

MT Newswires Live

10/23

Shares of Santos (ASX:STO) and Beach Energy (ASX:BPT) each rose past 2% in recent Thursday trade, tracking a jump in global oil prices after the US imposed fresh sanctions on Russian oil giants Rosneft and Lukoil, reigniting supply concerns.

Brent crude futures rose 2.5% to $64.15 a barrel.

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