Australia's energy stock falls as oil prices settle lower

Santos

12/06/2026 01:49

** Australian energy stocks .AXEJ fall as much as 2% to their lowest level since June 1
** Sub-index shed 1.2% so far for the week
** Oil prices settled lower after U.S. President Donald Trump cancelled plans to strike Iran within hours, a move that raised expectations for a deal to end the Iran war O/R
** Sector majors Woodside Energy WDS.AX and Santos STO.AX shed 2.1% and 1.2%, respectively
** Stock up 24.2% this year, including the day's move
     

(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com))