The stock prices of Australia's oil producers rose in early trading on Tuesday after eight OPEC+ countries reaffirmed their commitment to raise production by 411 thousand barrels per day in July from the June required production level.
Woodside Energy Group's (ASX:WDS) shares jumped 3%, while those of Santos (ASX:STO) advanced 1%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.