Australian energy stocks track oil price rally, rise to one-week high
01/09/2026 01:40
BUZZ-Australian energy stocks track oil price rally, rise to one-week high ** Australia's energy stocks .AXEJ rise as much as 1.1% to their highest level since August 25
** Sub-index set for a third consecutive session of gains, is trend holds
** Oil prices settled more than 2.5% higher on Monday after a resumption of military action between the U.S. and Iran rekindled market concerns about global supply disruption O/R
** Shares of sector majors Woodside Energy WDS.AX and Santos STO.AX up 1% and 1.4%, respectively
** Sub-index up 31.7% this year
(Reporting by Sherin Sunny in Bengaluru)
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