Australian energy stocks rise to two-week high on stronger oil prices

Whitehaven Coal

30/04/2026 05:05

** Australian energy stocks .AXEJ gain as much as 2% to their highest point since April 15

** Sub-index has lost 3% so far this month, set for its steepest monthly drop since September, if current trend holds

** Oil prices extend gains on concerns supply from Middle East will remain disrupted for longer as talks to end the U.S.-Iran war have deadlocked O/R

** Sector majors Santos STO.AX and Woodside Energy WDS.AX climb 2.7% and 0.8%, respectively, while Whitehaven Coal WHC.AX rises 2.4%

**  AXEJ up 31.1%, YTD

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))