Shares of Australian oil companies Santos Ltd and Origin Energy Ltd rose between 1.8 per cent and 2.5 per cent as crude oil futures rose around one per cent on Tuesday after Saudi Arabia pledged to work towards oil price stability.
Santos was the biggest percentage gainer on S&P/ASX 200 Energy (GIC).
S&P/ASX 200 Energy (GIC) Index was down around 26 per cent this year, as of Monday’s close.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.