** Shares of Woodside Energy WDS.AX rise as much as 1.7% to A$26.640, their highest level since June 16
** The Australian energy sub-index .AXEJ gains 0.5% after oil prices were lifted by hopes of improved economic activity after the U.S.-EU trade deal, a potential U.S.-China tariff truce. O/R
** Woodside says it will take over operatorship of the Bass Strait oil and gas assets from ExxonMobil XOM.N, unlocking an estimated $60 million in synergies
** Stock last up 1.4%, bringing YTD gains to 6.5%
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com))
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.