BUZZ-Australia's energy stocks gain on rallying crude oil

Reuters
20 Jan

** Australian energy stocks rise 0.5% to 9,148.5; set for biggest intraday pct gain since Jan. 14

** Energy firms on track to post their highest monthly gain since July 2023

** Oil and gas producer Woodside energy gains 0.8%, the most since Jan. 13; smaller rival Santos rises 0.3% to A$7.28, highest since Oct. 11, 2024

** Underlying crude oil prices rebound as top consumer U.S imposes two rounds of sanctions on major oil producer Russia over the past two weeks, raising supply concerns

** Sub-index climbed as much as 0.8% earlier in the day, reaching its highest intraday levels since Oct. 17, 2024

** AXEJ fell ~19% in 2024

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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