Proactive Investors Australia

S&P/ASX 200 closes 1% higher following last-minute rally

Woodside Petroleum climbed 1.7% to $34.64, while Santos gained 1% to $6.79.

shares rising chart
Marley Spoon shares surged 68%

S&P/ASX 200 (INDEXASX:XJO) closed higher for a fourth straight session with a last minute rally helping the index rise 60 points or 1% to 6,443.

The energy sector was a standout, gaining 1.2% following a 1.7% spike in global crude prices.

The jump was sparked by comments by Russian president Vladimir Putin, who said his country had differences with OPEC over what constituted a fair price for oil.

Woodside Petroleum (ASX:WPL) climbed 1.7% to $34.64, while Santos (ASX:STO) gained 1% to $6.79.

Marley Spoon (ASX:MMM) shares surged 68% to $0.74 after the meal kit company signed a $30 million deal with Woolworths (ASX:WOW).

READ: Marley Spoon enters partnership with Australia’s largest supermarket network Woolworths

Marley Spoon says it will benefit from the supermarket giant’s “deep industry experience, through the ability to engage with Woolworths’ customer base, and to work with the Woolworths sourcing and supply chain teams.”

Syrah Resources (ASX:SYR) fell 3.6% to $1.06, after the graphite miner lowered its second quarter production guidance to between 45kt-50kt, down from its previous expectation of 50kt-55kt.

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