Shares of Santos (ASX:STO) rose around 2% in recent Monday trade, as surging oil prices fueled energy sector optimism despite broader market concerns over inflation and geopolitical tensions in the Middle East.
Woodside Energy Group (ASX:WDS) shares gained about 1%, earlier hitting their highest level since January 2024.
Brent crude futures climbed 15% to $106.94 a barrel.
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.