Business
With energy prices roaring back will these ASX energy shares keep booming?
If the direction of oil and gas prices is anything to go by, you may want to top off your vehicles this week. And perhaps revisit some of the leading ASX energy shares.
Oil and gas (LNG) prices both fell off a cliff in 2020. That came as domestic and international travel ground to a halt amid global lockdowns aimed at stemming the spread of COVID-19.
On 3 January last year, Brent crude oil was trading for US$68.60 per barrel. By 21 April the price had cratered to US$19.33. Though the price falls were not quite as dramatic, LNG prices sank as well.
By the end of April energy prices began to battle back. Slowly. As recently as 30 October, Brent was still selling for US$37.36 per barrel.
Then came the announcements of multiple…
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