BUZZ-Australian energy stocks hit over 19-month high on stronger crude prices

Reuters
03/06
BUZZ-Australian energy stocks hit over 19-month high on stronger crude prices

** Australian energy stocks .AXEJ rise as much as 0.7% to their highest level since July 19, 2024

** AXEJ is set for weekly gain of around 8%, best since early October, 2022

** Oil prices rise around 5% on growing disruption to global oil supplies caused by the U.S.-Israeli war with Iran O/R

** Energy giant Woodside WDS.AX up 1.4% while smaller rival Santos STO.AX climbs 1.8% to its highest level in more than 5 months

** Stock up 23.1% YTD

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))

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