Australian energy stocks log best day in over a month as WTI surges

Santos

16/09/2026 06:58

** Australian energy stocks .AXEJ gain as much as 3%, logging their biggest intraday gain since August 11
** Sub-index touches its highest level since September 2
** Tightening global inventories, potential export curbs, and near-record diesel crack spreads have propelled West Texas Intermediate up more than 8% over the past few sessions, keeping energy shares well-supported, said Cameron Curko, CIO at Pitcher Partners 
** Major Australian energy producers such as Santos STO.AX and Woodside Energy WDS.AX gain 2.3% and 3%, respectively
** Sub-index up 33.4% YTD

 (Reporting by Keshav Singh Chundawat in Bengaluru)
 ((Keshav.singhchundawat@thomsonreuters.com))