Karoon Leads Australian Energy Stocks Higher as Oil Prices Jump -- Market Talk
Dow Jones
Mar 02
2327 GMT - The jump in oil prices that followed the U.S. and Israel's attacks on Iran are fuelling a buying spree in Australian energy equities. In early trading today, front-month West Texas Intermediate futures rose 8.4% to $72.65 a barrel, ICE data showed. Front-month Brent crude oil futures lifted 8.5% to $79.08 barrel. The biggest winner on Australia's S&P/ASX 200 index is Karoon Energy, rising 15% to A$1.78. Karoon produces oil in Brazil so isn't directly affected by potential disruptions through the Strait of Hormuz, but benefits from the rise in oil prices. Woodside Energy rises 6% to A$30.02 and Santos is up 6.4% at A$7.19 early. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 01, 2026 18:27 ET (23:27 GMT)
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