Australian energy stocks eye best day in a week on firm oil prices

Beach Energy

24/09/2025 04:07

** Australian energy stocks .AXEJ rise as much as 0.4% to 8,354.3 points; set to gain the most since September 17

** Oil prices rose on Wednesday after industry report showed U.S. crude inventories declined last week, indicating tightening supplies O/R

** Sector major Santos STO.AX rises 1.1%; on track for strongest session in more than two weeks

** Woodside WDS.AX up 0.4%

** Smaller cos Karoon Energy KAR.AX, Beach Energy BPT.AX gains as much as 2.2% and 1.15%, respectively; among top gainers on benchmark .AXJO

** YTD, AXEJ down 3.2% vs AXJO's 7.4% rise

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))