Why Is Karoon Energy Leading the ASX Rally (ASX:KAR)?
Highlights Karoon Energy was the strongest performer in the benchmark index during Wednesday's morning session as crude stayed elevated. Middle East shipping disruption kept Brent well above recent norms, lifting Australian oil and gas producers. The September-quarter report is due later this month and follows an earlier cut to production guidance. Karoon Energy (ASX:KAR), the Brazil-focused oil producer with a growing Gulf of Mexico position, was the strongest performer in the benchmark inde...