Oil Producers' Shares Rise Amid Oil Price Rally

MT Newswires Live

02/19

Shares of oil producers rose in recent Thursday trade as investors digested ongoing geopolitical tensions between the US and Iran, as well as the unsuccessful talks between Russia and Ukraine.

Shares of Santos (ASX:STO) rose almost 5%, and Beach Energy (ASX:BPT) jumped nearly 3%, while Woodside Energy (ASX:WDS) saw a 4% gain in recent trade.

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