BUZZ-Australian energy stocks rebound as oil prices stable after losses

Reuters

01-29

BUZZ-Australian energy stocks rebound as oil prices stable after losses

** Australian energy stocks .AXEJ rise 1.4% to 8818.8

** The sub-index set for their best day since Jan 13, if gains hold, after having dropped for four straight sessions

** Crude oil prices steadied after hitting muti-week lows, as investors assess the impact of potential U.S. tariffs on imports of major trading partners Canada and Mexico O/R

** Woodside Energy WDS.AX gains 1.8% to A$24.8, set for their best session since Jan 13, if the current trend holds. Smaller rival Santos STO.AX is up 0.5%

** Sub-index fell 18.8% in 2024

($1 = 1.6044 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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