O/R Woodside Petroleum WPL.AX, Santos STO.AX and Beach Energy BPT.AX climbed between 2.7% and 1.6%. The benchmark rose as much as 0.8% earlier in the session, but pared gains after the Reserve bank of Australia (RBA) kept its cash rate at 0.1% but noted inflation had picked up and was likely to rise further. Local tech stocks .AXIJ led gains on the benchmark, tracking the overnight strength in Wall Street's mega-cap technology and growth firms as Twitter TWTR.N shares soared after Tesla TSLA.O chief Elon Musk revealed a majority stake in the micro-blogging platform.