A strong open is in store for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) after a surge in oil prices overnight. This follows OPEC’s decision to cut production ? the first such deal since 2008.
Here’s a quick recap:
FTSE 100 (UK): up 0.61%
DAX (Germany): up 0.74%
CAC 40 (France): up 0.77%
Dow Jones (USA): up 0.61%
NASDAQ (USA): up 0.24%
Energy shares such as BHP Billiton Limited (ASX: BHP) and Santos Ltd (ASX: STO) could be among the biggest winners today.
Oil prices surged more than 5%, which could also bode well for Woodside Petroleum Limited (ASX: WPL), Liquefied Natural Gas Ltd…
A strong open is in store for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) after a surge in oil prices overnight. This follows OPEC’s decision to cut production – the first such deal since 2008.
Here’s a quick recap:
- FTSE 100 (UK): up 0.61%
- DAX (Germany): up 0.74%
- CAC 40 (France): up 0.77%
- Dow Jones (USA): up 0.61%
- NASDAQ (USA): up 0.24%
Oil prices surged more than 5%, which could also bode well for Woodside Petroleum Limited (ASX: WPL), Liquefied Natural Gas Ltd (ASX: LNG), Origin Energy Ltd (ASX: ORG) and Senex Energy Ltd (ASX: SXY), amongst others.
In the education sector, Intueri Education Group Ltd (ASX: IQE) shares soared on Wednesday but remain well below the level they started the week at.
Woolworths Limited (ASX: WOW) had a better day on Wednesday as well, and investors will look for further gains today. Meanwhile, AGL Energy Ltd (ASX: AGL) climbed 5.8% during yesterday’s session and could receive some attention from investors.
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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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