Qantas Airways is trading at A$9.36, up 6.36%, at the November 3 close, as a sharp fall in crude prices eased concerns about aviation fuel costs.
- Brent crude settled 7.63% lower at $104.77 and WTI 7.36% lower at $96.46 after signs of progress in U.S.–Iran peace negotiations.
- Virgin Australia also gained. Reports attributed the airline rally to lower oil; no company-specific catalyst was identified.