Australia's energy stocks buck trend amid oil surge, reignited bond selloff

Santos

11/09/2026 01:45

** Australian energy stocks .AXEJ gain as much as 1% and head for its best week since mid-August
** Meanwhile, the broader benchmark S&P/ASX 200 .AXJO was down 1% and was set for its worst week since early March, as oil's ascent to over $100 a barrel magnified inflation concerns and helped reignite global bond selloff, driving yields up
** Oil and gas producer Santos STO.AX adds 1.1%, larger peer Woodside Energy WDS.AX gains 0.3%
** Karoon Energy KAR.AX rises 2.1%
**YTD, AXEJ up 33.3%

(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))