June has been a rough month so far for the S&P/ASX 200 Index (ASX: XJO), but not all the shares that call it home have suffered.
While the index has crashed 2.18% since the end of May, these ASX 200 shares have enjoyed upwards momentum.
Let’s take a look at what’s driving them to 52-week highs on Thursday.
3 ASX 200 shares hitting 12-month highs today
Woodside Energy Group Ltd (ASX: WDS)
The Woodside share price is in the green once more on Thursday, gaining 2.6% at its highest point. That saw the ASX 200 share trading at a new post-pandemic high of $35.66.
Its surge is likely due to rising oil prices. The Brent crude oil price lifted 2.5% overnight to reach US$123.58 a barrel. Meanwhile, the US West Texas Intermediate crude price gained 2.3% to hit US$122.11 per barrel. Their gains represent a new 13-week high for the commodity.
Oil prices gained amid demand for petrol in the US and concerns that China’s demand for oil could increase, reports Reuters.
Worley Ltd (ASX: WOR)
Woodside’s fellow ASX 200 energy share Worley is likely in the green for the same reason.
The Worley share price rose 1.9% to its new 52-week high of $15.69 today. That’s its highest point since January 2020.
Crown Resorts Ltd (ASX: CWN)
Finally, the ASX 200’s Crown saw its share price lift to a new 52-week high of $13.02 on Thursday. That represents a 2.1% gain on Wednesday’s close.
Its gains come on the back of news of Blackrock’s takeover of the casino giant.
Today, Crown announced that both the Victorian Gambling and Casino Control Commission and New South Wales Independent Gaming and Liquor Authority have given the $8.9 billion takeover the tick of approval.
The ASX 200 staple’s acquisition now only needs the ‘okay’ of the Western Australian gaming regulator and the Federal Court before it can be passed.
The post 3 ASX 200 shares rocking new 52-week highs on Thursday appeared first on The Motley Fool Australia.
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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