Australian energy stocks rise on oil price surge

Ampol

17/04/2025 02:02

** Australian Energy stocks .AXEJ rise 2.3% to 6,849 points, on track for its biggest intra-day pct gain since April 10 — if current trend holds

** Sub-index tracked a rise in oil prices on concerns about global supplies after Washington issued new sanctions targeting Chinese importers of Iranian oil O/R

** Ampol ALD.AX and Karoon Energy KAR.AX topped gains on the sub-index, up over 5.5% each

** AXEJ down 1.5% so far this week

** Woodside energy WDS.AX and Santos STO.AX added more than 2% each

** AXEJ loses 20.4% YTD

(Reporting by Roushni Nair in Bengaluru)

((Roushni.nair@thomsonreuters.com))