Cautious Start for ASX as Energy Shares Sensitive to Oil Prices

The Australian share market is starting the week on a cautious note, influenced by global market momentum and local pressures.

Energy shares remain sensitive to oil price movements, with Santos (ASX:STO) and Woodside Energy Group (ASX:WDS) facing commodity price sensitivity due to recent changes in crude prices.

The direction of crude oil remains an important market signal for these energy companies, which are closely linked to global markets. However, any escalation in regional tensions or a calmer geopolitical environment could impact crude prices and affect their performance.