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The ASX200 has been up 1.1% at 8,400 points – a new intra-day record in afternoon trade.
The oil price has jumped up to more than $73 per barrel, causing Woodside (ASX:WDS) to climb 1.8% to $ 24.54. Santos (ASX:STO) joined in, lifting 2% to $6.96 after the company shared its updated capital allocation framework and carbon storage growth target.
IT has been the best performing sector, up 3.7%, followed by Industrials, up 1.8%, and Energy, up 1.6%.
Materials has been the only sector to lose ground, down just under a fifth of a percent.
Company News
4DMedical (ASX:4DX) has been up 9.4% on news it inked a three-year deal with University of California San Diego Health. UCSD Health, a top ten U.S. hospital for respiratory care, will use 4DMedical’s advanced lung imaging products.
4D Medical has been 52.5 cents.
Cokal (ASX:CKA) has been up 10% after joining a strategic partnership with Cratus Group aimed at enhancing its coal sales, transport infrastructure, and securing debt finance.
Cokal has been 7.7 cents.
Newmont (ASX:NEM) has been up 2.5% on a climbing gold price and news its selling its Musselwhite operation in Ontario, Canada, to Orla Mining for up to $1.3 billion.
Newmont has been $65.52.
