As international oil prices surge, domestic renewable energy-related stocks are rising in early trading on the 23rd.

SK eternix Solar Park Chuncheon Gunja No. 1 solar power plant. /Courtesy of SK eternix

As of 9:44 a.m. on the 23rd, SK eternix(475150) shares on the KOSPI are trading at 74,400 won, up 20% (12,400 won) from the previous session.

DaeMoung Energy(389260) and HD Hyundai Energy Solutions(322000) are up in the 12% and 11% ranges, respectively, and Hanwha Solutions(009830) is also rising.

With geopolitical tensions in the Middle East persisting recently, international oil prices have risen for four straight sessions.

Overnight, September-delivery West Texas Intermediate (WTI) futures settled at $86.83 per barrel, up 2.95% from the previous session, while September-delivery Brent futures closed at $94.07 per barrel, jumping 3.36%.

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