BUZZ-Australian energy stocks rise to near 2-year high as oil prices surge
Reuters
Mar 19
BUZZ-Australian energy stocks rise to near 2-year high as oil prices surge
** Australian energy stocks .AXEJ rise as much as 3.6%, their highest level since early April 2024
** Oil prices settled higher overnight and climbed further in extended trade after Iran attacked several energy facilities across the Middle East O/R
** Shares of retail convenience and fuel network operator Viva EnergyVEA.AX rise as much as 12.8%, to emerge as the biggest gainers in the broader .AXJO benchmark index
** Shares of oil and gas firm Woodside EnergyWDS.AX up 4.7%, while peer Santos STO.AX adds 2.8%
** Sub-index has risen 29.5% this year, including session moves
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com;))
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