Australian energy firms rise on higher oil prices
17/08/2026 04:38
BUZZ-Australian energy firms rise on higher oil prices ** Shares of Australian energy firms .AXEJ rise as much as 1.4%, hitting their highest level since May 6
** Sub-index tracks global oil prices higher, which gained as fading expectations of a U.S.-Iran peace breakthrough and slower tanker traffic through the Strait of Hormuz reinforced geopolitical risk concerns in the market O/R
** Among sector giants, Woodside Energy WDS.AX gains 1.4% while Santos STO.AX rises nearly 1%
** AXEJ up nearly 30% this year, including the day's move
(Reporting by Rajasik Mukherjee in Bengaluru)
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