BUZZ-Australian energy stocks hit near 8-week high on firm oil prices

Reuters
2025.11.10 00:57
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Australian energy stocks (.AXEJ) have reached their highest level in nearly eight weeks, rising by 0.9%. This marks the third consecutive session of gains, driven by higher crude prices amid positive developments regarding Russian oil. Woodside Energy (WDS.AX) shares increased by 1.3%, potentially achieving a fourth straight day of gains. Year-to-date, the AXEJ index is up 1.8%, compared to a 7.8% rise in the benchmark index (.AXJO).

Australian energy stocks (.AXEJ) rise as much as 0.9% to hit their highest point since September 18

The sub-index heads for its third consecutive session of gains, if trends remain intact

Crude prices ended higher on Friday on hopes Hungary can use Russian crude oil as U.S. President Donald Trump met Hungary’s Prime Minister Viktor Orban at the White House (O/R)

Shares of Woodside Energy (WDS.AX) rise as much as 1.3% to hit highest since early September

Woodside is looking at its fourth straight day of gains, if the trend continues

AXEJ up 1.8% this year, including the day’s move, vs a 7.8 rise in the benchmark index (.AXJO)

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