At closing bell, the benchmark S&P/ASX200 index was up 14.27 points, or 0.21%, to 6,842.89. The broader All Ordinaries index added 10.64 points, or 0.15%, to 7,082.47.
The top performing stocks in S&P/ASX200 index were CORONADO GLOBAL RESOURCES INC. and NEW HOPE CORPORATION, up 9.1% and 6% respectively. The bottom performing stocks in S&P/ASX200 index were LAKE RESOURCES and SOUTH32, down 12.7% and 7.4% respectively.
Shares of energy companies advanced on the back of stronger crude oil prices, with Woodside Energy and Santos rallying 4.3% and 3.5%, respectively.
Among individual equities, Lithium developer Lake Resources plummeted 12.7% amid news of a disagreement between the company and its Kachi Project partner.
COMMODITY NEW: Crude prices inched higher on Thursday on the potential of renewed demand from China after Chengdu announced to ease lockdown measures. Brent crude futures limbed 0.4% to stand at $84.48 per barrel, while U.S. West Texas Intermediate rose 0.5% to $88.94 per barrel.
ECONOMIC NEWS: Australia added 33,500 jobs in the month of August, a 0.2% increase from July in seasonally adjusted terms. The nation's unemployment rate rose to 3.5%, with the youth unemployment rate at 8.4% for the month.
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