BUZZ-Australian energy stocks climb back up on oil prices, benchmark recovery

Reuters

2025/04/08

** Energy stocks .AXEJ rise as much as 3% to 6,792.8 pts; post biggest intraday gain since November 22, 2024

** Sub-index had lost ~17% in past three sessions on crumbling oil prices as Trump tariffs stoked recessionary fears

** However, underlying crude oil prices recover, rising more than 1% on the day O/R

** Banks and miners help benchmark S&P/ASX 200 .AXJO rise 1.5%, with most sectors in the green after recent sell-offs

** Oil and gas majors Woodside Energy WDS.AX and Santos STO.AX add 1.6% and 3.2%, respectively

** YTD, AXEJ down 8.5%

(Reporting by Nichiket Sunil in Bengaluru)

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

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