Australian energy stocks jump as oil prices rise and Ampol gains

Ampol

03/06/2026 01:34

** Australian energy stocks .AXEJ gain as much as 2%
** Oil prices climb as hostilities in the Middle East erupt anew, while diplomatic talks between Iran and the United States show little progress O/R
** Santos STO.AX, Australia's second‑largest oil and gas producer, rises as much as 1.6%
** Fuel retailer Ampol ALD.AX climbs as much as 3% after competition regulator gives nod to acquisition of EG Australia
** Sub-index up 26.8% YTD

 (Reporting by Keshav Singh Chundawat in Bengaluru)
 ((Keshav.singhchundawat@thomsonreuters.com))