Australian energy stocks hit 1-week high as supply concerns lift oil prices

Woodside Energy

30/10/2026 04:01

** Australian energy stocks .AXEJ rise as much as 2.2%, adding to the broader benchmark's .AXJO 0.4% gain
** Subindex hits highest since October 22, logs largest intraday pct gain since October 19
** AXEJ also on track to log 1.6% gain for the week
** Oil prices climb on supply concerns after Yemen's Iran-aligned Houthis stepped up attacks on Saudi Arabia O/R
** Woodside Energy WDS.AX rises as much as 2.9% to A$33.68, its largest intraday pct gain since September 16
** Santos STO.AX gains as much as 1.9% to A49.3, hitting its highest level since October 22
** YTD, AXEJ up 31.4%, including day's moves, outperforming AXJO's 2.4% rise

(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))