Santos Ltd, Ramsay Health Care Ltd, and AMP Ltd shares have climbed to fresh annual highs in Wednesday trade as the S&P/ASX 200 Index swings into the green.
The ASX energy shares have climbed over 2% to $8.74, in what is the highest recorded share price for Santos since January 2020. Today's increase means the shares are now 42% higher for the year to date and 14% higher than 12 months ago.
According to Trading Economics, crude oil is trading around US$104 per barrel on Wednesday.
Prices are rising amid new drone attacks and ongoing conflict in the Middle East, which has restricted oil supply even further.
Experts are bullish that Santos shares can keep climbing higher, too.
Ramsay Health shares are also up around 2% to a multi-year high of $54.64. The share price flew higher in late August off the back of a healthcare-sector-wide rebound and the company's FY26 results announcement.
Shareholders also received a dividend increase, up 13.8% to 91 cents per share for the full-year FY26.
The company is also moving ahead with plans to separate its 52.79% stake in Ramsay Santé, which owns hospitals across Europe.
In mid-July, it announced first-half NPAT guidance of $170 to $180 million, higher than the $131 million reported for the same period last year.
Then, early last month, AMP posted its first-half FY26 results, including a 33% year-on-year increase in underlying NPAT to $174 million, a 8.2% year-on-year increase in assets under management, and a 33% increase in AMP's Platforms net cash flows.