(Bloomberg) -- Asian energy stocks rose, led by
Woodside Petroleum Ltd., after declining U.S. stockpiles and
attempted car bombings in the U.K. lifted the price of crude oil
to a 10-month high.
``Terror threats seem to benefit energy shares as the market
always seems to tie it back to the Middle East and risks to
supply,'' said Shane Oliver, who helps manage the equivalent of
$83 billion at AMP Capital Investors in Sydney. ``You tend to see
the oil price pushed up, benefiting shares.''
Read more at Bloomberg Stocks News
Woodside Petroleum Ltd., after declining U.S. stockpiles and
attempted car bombings in the U.K. lifted the price of crude oil
to a 10-month high.
``Terror threats seem to benefit energy shares as the market
always seems to tie it back to the Middle East and risks to
supply,'' said Shane Oliver, who helps manage the equivalent of
$83 billion at AMP Capital Investors in Sydney. ``You tend to see
the oil price pushed up, benefiting shares.''
Read more at Bloomberg Stocks News
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