ASX 200 rises; OPEC+ production cut sends Woodside up, hits BHP and Fortescue

Shares at three-week high. Energy stocks up on OPEC cut, which send miners down. Karoon soars after Bauna shut-in. LNG exporters dodge curbs. Netwealth dives on outlook cut.

Equity investors continue their focus on rates and global banking developments this week. Picture: Gaye Gerard

Welcome to the Trading Day blog for Monday, April 3. The Australian sharemarket has started the week stronger as energy stocks bounce on the back of a spike in oil prices following a surprise production cut by OPEC+.

The S&P/ASX 200 index closes 0.6 per cent higher at 7223.00. It was the bourse's sixth consecutive session higher - the longest since July 2022.

The dollar was buying around US66.65c at the close