Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Open platform

Australian energy stocks jump as Citi stays positive on improved commodity prices

By Reuters News6 hours ago Updated

** Australian energy stocks .AXEJ rise as much as 1.9%, their highest level since September 18

** Stock on track to mark its best session since October 2

** Energy stocks gain tracking rise in oil prices as attacks on Saudi Arabia outweighed the prospect of increased supplies O/R

** Sector heavyweights Woodside Energy WDS.AX and Santos STO.AX up 2% and 2.6% respectively

** Citi sees upside in Australian gas companies following "constructive" commodity price environment in Sept quarter

** Brokerage sees double-digit core earnings growth for energy giants Woodside Energy WDS.AX and Santos STO.AX over CY26

** Sees free cash flow growth in STO's Barossa, Pikka projects and says WDS leverages high global gas prices while investor attention is firmly on successful execution of WDS's Scarborough project commissioning

** YTD, Energy sub-index .AXEJ up 31.5%

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.