Woodside Shares Jump After Oil Shock Sparks ASX Energy Rally
Woodside Energy Group Ltd jumped 3.22% to A$28.87 on Wednesday, rising even as the wider Australian market slipped. Investors rotated back into oil and gas stocks after new trouble in the Gulf. The S&P/ASX 200 edged down 0.21% to 8,785.10. Energy was one of the few strong sectors. No trades took place at the dateline. The ASX was scheduled to trade July 9 between 9:59 a.m. and 4:00 p.m. AEST, leaving Wednesday’s close as the last available cash-market price.