BUZZ-Aussie energy stocks at more than 3-month high after US-China reach framework deal

Reuters
06/11
BUZZ-Aussie energy stocks at more than 3-month high after US-China reach framework deal

** Australian energy stocks .AXEJ rise as much as 1.9% to hit 8,330.5 points, highest level since March 4

** Subindex set to log third consecutive session of gains

** U.S, and China agree on a framework deal to put their trade truce back on track

** Analysts say a trade deal could boost oil prices by supporting global economic growth and increasing oil demand O/R

** Sector heavyweights Woodside Energy WDS.AX and Santos STO.AX rise as much as 3.1% and 1.4%, respectively

** YTD - AXEJ down 3.6%; benchmark ASX 200 index .AXJO up 5.7%

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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