Energy minerals stocks advanced nearly 5% at midday Monday, with oil and gas production also up almost 5%.

Woodside Energy Group (ASX:WDS) shares, which gained nearly 6% in recent trade, earlier reached a one-year peak, as oil surged in the wake of conflict in the Middle East and after eight Organization of the Petroleum Exporting Countries plus (OPEC+) countries agreed to resume oil production increases.

Shares of Santos (ASX:STO) also rose almost 6% in early trading on Monday.

On the flip side, the technology services sector struggled, shedding almost 3%.

Wisetech Global (ASX:WTC) shares fell nearly 4% in recent trade.