The shares of Australian oil producers jumped even after Brent crude futures fell 0.3% on Tuesday to settle at $66.87 per barrel, near a seven-week high.
The shares of Woodside Energy Group Ltd (ASX:WDS) were up over 2%, and those of Santos (ASX:STO) rose almost 1% in recent trading on Wednesday.
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.