Energy one of few winners on market today

THE S&P/ ASX200 closed slightly lower today at 5,252.3 points, 0.65% or 34.5 points down after a jump to over 5400 points this morning.
Energy one of few winners on market today Energy one of few winners on market today Energy one of few winners on market today Energy one of few winners on market today Energy one of few winners on market today

Helen Clark

Editor

 
Energy didn't see any major gains, closing 0.4% or 26.8 points up to 6,776.6 points, though was one of the few to close in the green. Santos closed up  2.7% at $4.45 per share, Woodside Petroleum rose 1.19% to $21.20 per share and Oil Search remains in a trading halt.
 
 It announced a A$1.16 billion equity raise this morning.
 
Senex Energy was unmoved at 16c per share and Beach is down today by 2% to $1.40 per share, which is still a significant premium on previous weeks when it fell below a dollar for the first time since late 2017.
 
 As expected the Reserve Bank of Australia kept the cash rate on hold at 0.25%.
 
Crude oil prices fell sharply in Asian markets at open this morning, as hopes of an agreement between Saudi Arabia and Russia over production cuts evaporated, though the delayed OPEC+ meeting begins Thursday.
 
 
 
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