Australian energy stocks drop to one-week low as oil prices slip

Ampol

24/06/2025 01:57

** Australian energy stocks .AXEJ down as much as 5.1%, their lowest levels since June 16

** The energy sub-index snaps two sessions of consecutive gains

** U.S. crude futures fell to their lowest levels in more than a week as U.S. President Donald Trump said a ceasefire has been agreed between Iran and Israel, easing concerns of global supply disruption O/R

** Sector major Woodside Energy WDS.AX down 7%, among top losers in the ASX 200 benchmark index .AXJO, which is up 1%

** Karoon Energy KAR.AX and Ampol ALD.AX down 8.9% and 2.4%, respectively; among top losers in the benchmark index

** Stock up 5.5% this year, as of last close

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com;))