BUZZ-Australian energy stocks start 2025 higher as oil prices climb

Reuters

2025/01/02

** Australian energy stocks .AXEJ rise as much as 1.6% to hit their highest level since Nov. 26

** Sub-index on track for its seventh consecutive day of gains

** Oil prices rose as investors eyed a recovery in China's economy and fuel demand after President Xi Jinping's pledge to promote growth O/R

** Woodside Energy WDS.AX jumps 1.6% to highest since Dec. 4

** Santos shares STO.AX climbs 1.5% to highest since Nov. 26

** AXEJ clocked an 18.8% loss in 2024

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

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