Energy Producers' Shares Fall as Oil Retreats on US-Iran Talks
MT Newswires Live
Feb 06
Shares of Woodside Energy Group (ASX:WDS), Santos (ASX:STO), and Beach Energy (ASX:BPT) fell around 2%, 1%, and 3%, respectively, in recent Friday trade, as oil prices dropped nearly 3% amid easing concerns over Iranian crude supplies, following reports of US-Iran talks in Oman.
Brent crude futures fell 2.8% to $67.55 a barrel.
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