Australia's energy stocks rise on strong oil prices
11/08/2026 01:20
BUZZ-Australia's energy stocks rise on strong oil prices ** Australia's energy stocks .AXEJ rise as much as 2.8% to their highest level since July 31
** Sub-index on track for a fourth straight session of gains, if trend holds
** Overnight, oil prices settled 5% higher after Iran and the United States traded demands for compensation, dimming prospects for a deal to reopen the Strait of Hormuz O/R
** Shares of oil majors Woodside Energy WDS.AX and Santos STO.AX up 2.4% and 3.7%, respectively
** Sub-index has risen 27.2% this year, including session moves
(Reporting by Roshan Thomas in Bengaluru)
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