Energy Producers' Shares Mixed as Oil Prices Slide on Oversupply, Geopolitical Concerns
MT Newswires Live01-02
Shares of Woodside Energy Group (ASX:WDS) and Beach Energy (ASX:BPT) each inched up, while Santos (ASX:STO) edged down in recent Friday trade, as oil prices fell on concerns over global oversupply, rising production by the Organization of the Petroleum Exporting Countries, trade tensions, and sanctions on Russia, Iran, and Venezuela.
Brent crude futures fell 0.8% to $60.85 a barrel on Wednesday.
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