Woodside bounces off lows, trading uneven after Exxon news and oil slide
Woodside Energy closed up 1.97% at A$30.04 in Sydney on June 16, rebounding after recent losses tied to falling oil prices and fading takeover rumors. Brent crude dropped nearly 5% to US$78.92 a barrel, its lowest in three months, as talk of a possible U.S.-Iran deal pressured prices. Woodside will acquire PetroChina’s 10.67% Browse stake for up to US$400 million, raising its share to 41.27%.