Energy didn't see any major gains, closing 0.4% or 26.8 points up to 6,776.6 points, though was one of the few to close in the green. Santos closed up 2.7% at $4.45 per share, Woodside Petroleum rose 1.19% to $21.20 per share and Oil Search remains in a trading halt.
It announced a A$1.16 billion equity raise this morning.
Senex Energy was unmoved at 16c per share and Beach is down today by 2% to $1.40 per share, which is still a significant premium on previous weeks when it fell below a dollar for the first time since late 2017.
As expected the Reserve Bank of Australia kept the cash rate on hold at 0.25%.
Crude oil prices fell sharply in Asian markets at open this morning, as hopes of an agreement between Saudi Arabia and Russia over production cuts evaporated, though the delayed OPEC+ meeting begins Thursday.