Australia energy stocks fall as oil prices slip

Bannerman Energy

17/09/2021 04:38

** Australian energy stocks  .AXEJ  down as much as much as
2.7%
    ** Oil prices fell on Friday as more supply came back online
in the U.S. Gulf of Mexico following two hurricanes  O/R 
    ** Heavyweights Whitehaven Coal Ltd  WHC.AX  and Ampol Ltd
 ALD.AX  led losses on the sub-index, skidding 8.1% and 2.9%,
respectively
    ** Natural gas producer Santos Ltd  STO.AX  falls as much as
2.7%
    ** A week-long rally in uranium stocks also came to a halt
with Bannerman Energy  BMN.AX  slipping 11.8%, Elevate Uranium
 EL8.AX  losing 10.7% and Peninsula Energy  PEN.AX  falling 9.6%
    ** AXEJ down 2.4% YTD, as of last close

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com))