Australian energy stocks slide on oil prices slump

New Hope

05/06/2026 01:35

** Australian energy stocks .AXEJ fall as much as 1%, set for their worst session since June 1, if losses hold 
&** Stock on track to snap a four-session rally 
** Sub-index gains 1.6% so far this week
** Oil prices ended lower on Thursday with hopes for an end to the U.S.-Israeli war with Iran O/R
** Shares of New Hope Corporation NHC.AX and Yancoal Australia YAL.AX drop 2.8% and 2.2%, respectively
** Sub-index up 25.3%, YTD

 (Reporting by Keshav Singh Chundawat in Bengaluru)
 ((Keshav.singhchundawat@thomsonreuters.com))