Australian Oil Sector

Australian Oil Sector Update


Sharemarket analyst UBS has provided an Australian Oil Sector Update. Tapis oil price rose 2.3% to US$74.90/bbl (A$90.65/bbl): The S&P/ASX 200 Energy Index rose 1.6% over the week to Thursday 26th April while the Tapis oil price rose 2.3% to US$74.90/bbl (A$90.65/bbl). Over the same period, the S&P/ASX 200 Index rose 0.8%. Of the local energy stocks, AWE (+4.6%) and Roc Oil (+2.6%) performed best. Origin Energy (-2.0%) and AED Oil (-0.6%) were the worst performers.

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