Tiger Brokers

BUZZ-Australian energy stocks continue to rally as oil gains on supply concerns

Reuters
Mar 28, 2025
BUZZ-Australian energy stocks continue to rally as oil gains on supply concerns

** Australian energy stocks .AXEJ rise 0.7% to their highest since March 5, continuing their rally for a fourth consecutive session

** Oil prices hold near one-month highs on Friday, poised for a third weekly gain on a tightening global supply outlook after the U.S. imposed tariffs against countries buying oil and gas from Venezuela and placed restrictions on Iranian oil trade

** Sector heavyweight Woodside Energy WDS.AX gains 0.7% to A$23.765, hitting its highest level since early March

** Oil and gas giant Santos STO.AX marks over a one month-high, rises 1.3% to A$6.775

** The sub-index is set to gain 1.9% this week

** The benchmark S&P ASX 200 index .AXJO is up 0.07% in the current session

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10