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Low oil, commodity prices impact Australian energy firms
(MENAFN) Low oil and commodity prices affected negatively on the shares in Australian energy companies, with BHP recording a five-year low and Santos at levels not seen for a decade, AFP reported.
Oil and gas companies were among the biggest losers on Australia's benchmark Standard and Poor/ASX200 index as the energy sector shed 4.81 percent. Down 22.24 percent over the past month.
Oil prices hit five-year lows, battered by OPEC's decision last month to maintain its output levels despite a global supply glut.
Oil and gas companies were among the biggest losers on Australia's benchmark Standard and Poor/ASX200 index as the energy sector shed 4.81 percent. Down 22.24 percent over the past month.
Oil prices hit five-year lows, battered by OPEC's decision last month to maintain its output levels despite a global supply glut.
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