Australian energy firms extend gains as oil prices edge higher

DEEP YELLOW

27/03/2025 02:48

** Australian energy stocks .AXEJ gain for a third consecutive session to rise as much as 1.13%

** Oil prices nudged higher on concerns about tighter global supply after the U.S. tariff threat on Venezuelan oil buyers O/R

** Leading the charge, Deep Yellow DYL.AX and Paladin Energy PDN.AX up 2.6% and 2.12%, respectively

** Industry heavyweight Woodside Energy WDS.AX and smaller peer Santos STO.AX up 1% and 0.4%, respectively

** AXEJ down 6.3% this year, including the day's move, vs a 2.4% decrease in the benchmark S&P ASX 200 index .AXJO

 (Reporting by Roushni Nair in Bengaluru)

 ((Roushni.nair@thomsonreuters.com;))