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Commodities

Ampol Ltd Rides Crude Oil Surge Amid Middle East Tensions

Guavy AI Editorial Team
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Ampol Ltd (ASX:ALD) saw its share price rise by 1.29% to $39.40 on July 29, 2026, amid a surge in crude oil prices.

The S&P/ASX 200 Energy Index rose 0.92% to 10,573.00 points, reflecting the broader energy sector's resilience in the face of global price movements and supply concerns.

Brent crude oil prices jumped 4.20% to $87.62 per barrel following Iran's second wave of ballistic missile launches targeting US forces, which heightened concerns about potential disruptions to oil supplies from the Middle East region.

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