Australian Energy Stocks Gain for Third Consecutive Session amid Oil Price Concerns

Thu 27 Mar 25, 04:03 AM |

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Highilghts

Australian energy stocks, represented by the sector index .AXEJ, experienced a third consecutive day of gains on March 27, rising as much as 1.13%. This boost in energy shares comes amid concerns over tightening global oil supply, particularly following a U.S. tariff threat targeting buyers of Venezuelan oil. The news helped nudge oil prices higher, contributing to the positive sentiment in the energy sector.

Among the top performers in the energy sector were Deep Yellow (ASX:DYL) and Paladin Energy (ASX:PDN), which gained 2.6% and 2.12%, respectively. Both companies benefitted from the general uptick in the sector as market participants responded to rising oil prices.

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