Woodside Energy Group, Karoon Energy Shares Jump as Oil Rises

MT Newswires Live

03/12

Shares of Woodside Energy Group (ASX:WDS) and Karoon Energy (ASX:KAR) rose past 2% in recent trading on Thursday, while those of Santos (ASX:STO) jumped 1% after the price of oil again closed in on the $100-per-barrel mark.

Brent crude futures jumped more than 7% to $99.03 per barrel on Thursday after two fuel tankers in Iraqi waters were struck by explosive-laden boats and an Iraqi official told state media that oil ports "have completely stopped operations," Reuters reported.

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