Australian energy stocks gain as oil prices rise

Woodside Energy

08/10/2026 04:32

** Australian energy stocks .AXEJ rise as much as 1.3%, hitting their highest level since September 30
** Stock on track to mark its best session since October 2
** Energy stocks gain tracking rise in oil prices on persistent supply concerns amid an increase in attacks on shipping in the Gulf and the Strait of HormuzO/R 
** Sector heavyweights Woodside Energy WDS.AX and Santos STO.AX up 2.3% and 1.6% respectively 
** Sub-index up 29.2% YTD


 (Reporting by Shravya Marakini in Bengaluru)
 ((shravya.marakini@thomsonreuters.com;))