Australian energy stocks track oil price rally, rise to one-week high

Santos

01/09/2026 01:40

** Australia's energy stocks .AXEJ rise as much as 1.1% to their highest level since August 25
** Sub-index set for a third consecutive session of gains, is trend holds
** Oil prices settled more than 2.5% higher on Monday after a resumption of military action between the U.S. and Iran rekindled market concerns about global supply disruption O/R
** Shares of sector majors Woodside Energy WDS.AX and Santos STO.AX up 1% and 1.4%, respectively
** Sub-index up 31.7% this year

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