Australian energy stocks gain on rising oil prices

Boss Energy

23/09/2024 04:39

** Australian energy stocks  .AXEJ  up as much as 0.8% to
their highest level since Sept. 5
    ** Sub-index on track for its fifth straight session of
gains
    ** Oil prices gained slightly, boosted by concerns that
conflict in the Middle East may impact supply and expectations
the U.S. interest rate cut last week will support demand  O/R 
    ** Shares of energy major Woodside Energy  WDS.AX  up as
much as 0.5% to A$24.57
    ** Shares of Boss Energy  BOE.AX  and Paladin Energy
 PDN.AX  up as much as 10.3% and 9%, respectively, with both
hitting their highest since Aug. 28
    ** Sub-index has fallen 17.3% this year, as of last close

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))