Why Is the ASX Set to Rise as Saudi Attacks Lift Oil, Including Arena REIT (ASX:ARF)? - Kalkine Media
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Highlights - Australian shares are poised to rise on Tuesday as escalating attacks on Saudi Arabia lift oil prices and raise concerns over crude supply - Arena REIT (ASX:ARF) Real Estate Arena REIT (ASX:ARF) 2.46 AUD +0.095 4.025% Last Updated at: 2026-10-12T23:39:00Z said the administrator of Edge Early Learning has lined up deals to sell further childcare centres, including the remaining Edge-operated centres at Arena-owned properties - Wildcat Resources (ASX:WC8) Basic Materials Wildcat Resources Ltd (ASX:WC8) 0.24 AUD -0.003 1.225% Last Updated at: 2026-10-12T23:39:00Z reported a stronger cash position at the end of the September quarter than at the end of June Australian shares are poised to rise on Tuesday, tracking higher oil prices as escalating attacks on Saudi Arabia fuel concerns over crude supply disruptions.
Expectations of increased Russian diesel supplies and a Russia-Ukraine ceasefire on energy infrastructure offered some relief. Within the ASX Infra & Real Estate Stocks category, and as a constituent of the ASX 300, Arena REIT (ASX:ARF)
Real Estate Arena REIT (ASX:ARF) 2.46 AUD +0.095 4.025% Last Updated at: 2026-10-12T23:39:00Z was among the days corporate names, while the ASX Oil and Gas Stocks category stays in focus on crude. Wall Street and Local Backdrop Overnight, the S&P 500 and the Nasdaq Composite edged lower, while the Dow Jones Industrial Average gained. Australias benchmark index rose strongly on Monday, closing well above its prior level. Weekly Australian consumer confidence from ANZ-Roy Morgan also lifted slightly.
Arena REIT and Edge Early Learning Arena REIT said Edge Early Learnings administrator has entered binding agreements or term sheets with six parties to sell more centres. The deals include the remaining Edge-operated centres at Arena-owned properties.
That matters for those following the stock because it clarifies who will operate the centres on its properties as the administration progresses. Wildcat Resources Cash Position Wildcat Resources (ASX:WC8) Basic Materials Wildcat Resources Ltd (ASX:WC8) 0.24 AUD -0.003 1.225% Last Updated at: 2026-10-12T23:39:00Z , within the ASX Lithium Stocks category and the broader All Ordinaries, reported a much higher cash balance at the end of the September quarter than at the end of June. That follows its recent capital raising and supports its push toward construction readiness.
What This Means for the Local Session Higher oil supports energy names, while the Arena update will draw attention in property and childcare-linked exposure. Offshore moves were small, so oil and local company news are likely to set the tone.