Afternoon Report | ASX up 0.1pc as oil tops $US107
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Why did the ASX rise 0.1% and how did Brent crude hitting $107 affect the market?
Welcome to the Fear and Greed Business News Afternoon Report for Monday, the 14th of September, 2026. I'm Michael Thompson, and every afternoon we've got the five stories that happened today that you need to know about. Let's go, story number one: the SPA 6200 edged just slightly higher today, up 0.1% to 8,750 points. It is still down 3.6% so far this month. Brent crude climbed above 107 US dollars a barrel after fresh attacks on Saudi Arabia and merchant vessels in the Persian Gulf. Continued to raise concerns about global energy supplies. Not helping, of course, is uh a summit between Iran and the Gulf states aimed at preserving access through the Strait of Hamooz. That's also been postponed. Adding to the nerves, markets are now pricing an 87% chance that the US Federal Reserve will lift rates this week after stronger than expected inflation figures in the world's biggest economy.
But back home on the ASX, Santos rose 1.6% today to a four-year high. AMPOL gained almost 3%.
How will the ACCC’s new rules for REA Group change real‑estate advertising costs for sellers?
Tech stocks went the other way. Megaport was down more than 8%. Next DC fell almost 3%. Fleet Partners was a bit of a standout today, jumped 12% today as three competing bidders increased their takeover offers for the f uh for the vehicle leasing company. On to story number two, Australians selling their homes could end up paying less to advertise them after the competition watchdog forced REA Group to change its contracts with real estate agents. The ACCC was concerned that REA's contracts restricted agents' ability to choose where properties were advertised and that they pushed them towards more expensive listings on realestate.com.au. From January, agents are going to have greater flexibility to downgrade listings to cheaper tiers, which could potentially save sellers hundreds or even thousands of dollars.
REA has acknowledged the HCC's concerns, but says there has been no finding that it broke the law. Story number three: former Liberal leader Susan Lee has been appointed to the board of government-owned Snowy Hydro seven months after he tired. From federal politics. Lee spent a couple of months traveling the US solo before returning to Australia and now becomes the latest coalition figure to be appointed to a role by the Labour government. Energy Minister Chris Bowen says Lee brings extensive government and regional experience, as well as a strong understanding of the troubled snowy 2.0 project.
What does Susan Ley’s appointment to Snowy Hydro’s board mean for the project’s future?
The board position pays almost $130,000 a year with a additional payments available for committee work. I mentioned that there had been other cross party appointments. Former New South Wales Liberal Treasurer Matt Keane uh was appointed to the Climate Change Authority. Former Nationals Minister Keith Pitt was ambassador to the Holy See, just to name a couple of them. Story number four, Woodside's chairman succession plans have been thrown into doubt after Mark Kutafani abruptly quit the board just six months after joining. The former Anglo-American boss had been regarded as a potential replacement for Chairman Richard Goida, but says that a new board role at gold miner Northern Star Resources is a better fit.
Kutafani's position at Woodside Had become complicated by governance concerns and his links to activist investor Elliott's campaign for change at Northern Star. His departure now leaves former WA Treasurer Ben Wyatt among the possible contenders to replace Goida, who plans to step down by Woodside's 2027 annual meeting. And finally, story number five: a train carrying former British Prime Minister Boris Johnson and the former CIA chief David Petraeus may have been the target of a Russian drone attack near Ukraine's border with Poland. According to The Guardian, Ukrainian Railways, which operates the line, said that a train carrying several security advisors from European countries as well as Boris Johnson and
Why did Woodside’s chairman succession plan collapse after Mark Kutafani’s sudden resignation?
And the former CIA chief had passed through the border crossing shortly before the drone strike on a stationary engine at the border. The rail company said, and I quote, it is quite likely that the target of this Russian drone could also have been the diplomatic train, which departed from the station earlier than planned, as part of the real-time review of train schedules due to the constant threat of Russian strikes.
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Chapters
5 chapters
1
Why did the ASX rise 0.1% and how did Brent crude hitting $107 affect the market?
0:03–1:08
2
How will the ACCC’s new rules for REA Group change real‑estate advertising costs for sellers?
1:08–2:36
3
What does Susan Ley’s appointment to Snowy Hydro’s board mean for the project’s future?
2:36–4:07
4
Why did Woodside’s chairman succession plan collapse after Mark Kutafani’s sudden resignation?
4:07–5:20
5
Was the train carrying Boris Johnson and David Petraeus really targeted by a Russian drone near the Polish border?
5:20–5:24
Speakers
1 identifiedMore from FEAR & GREED | Business News
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