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The ASX200 has been down 0.75% at 8,140 points in early afternoon trade.

The intensification of conflict in the Middle East caused the oil price to spike 5% overnight.

The Aussie Energy sector has responded by being the best performing sector, up 2.2%, and all other sectors are in the red with Materials shedding 1.7%, followed by Utilities and Financials, both down around 0.9%.

Company News

White Cliff Minerals (ASX:WCN) has been up more than 7% after hitting copper rock chips with extremely high grades in Canada.

White Cliff Minerals has been 2.3 cents.

Black Cat Syndicate (ASX:BC8) has been flat after the first bar of gold was poured from its 100% owned Myhree project.

Black Cat Syndicate has been trading at 49.5 cents.

Woodside (ASX:WDS) has been up 2.76% after the oil price jumped 5% overnight.

Woodside has been trading at $26.75.

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