BUZZ-Australian energy stocks hit 15-week high on strong oil prices

Reuters

01-14

BUZZ-Australian energy stocks hit 15-week high on strong oil prices

** Australian energy stocks .AXEJ rise as much as 1.3% to hit their highest levels since Oct 2, 2024

** The sub-index set to extend gains to a second day, if current trend holds

** Oil prices remained near four-month highs as Chinese and Indian buyers sought new suppliers in the wake of U.S. sanctions on Russian oil O/R

** Shares of Woodside Energy WDS.AX and Santos STO.AX rise as much as 1.2% and 1%, respectively

** Both Woodside and Santos touch their highest levels in around three months

** AXEJ lost over 18% in 2024

(Reporting by John Biju in Bengaluru)

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

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