Australian energy stocks track broader market rally, hit near two-week high

New Hope

19/05/2026 05:35

** Australian energy stocks .AXEJ rise as much as 0.8% to their highest level since May 6

** Sub-index posts a third consecutive session of gains, defying a more than 2% decline in oil prices after U.S. President Donald Trump held off scheduled attack on Iran O/R

** Woodside Energy WDS.AX rises 0.3% while New Hope Corp NHC.AX adds nearly 3%

** Broader ASX 200 benchmark .AXJO up nearly 1%

** Sub-index up 27.3%, YTD, outperforming a 1.6% drop in AXJO

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))