Australian energy stocks decline as oil prices drop 2%

Santos

10/07/2026 02:16

** Australian energy stocks .AXEJ fall as much as 2% in early trade, while the broader benchmark .AXJO trades flat 
** Sub-index logs its largest intraday pct loss since June 25
** Oil prices slid about 2% overnight on worries that rising inflation and other economic concerns could weigh on global oil demand despite continuing supply constraints O/R
** Woodside Energy WDS.AX and Santos STO.AX lose 1.5% and 1%, respectively
** Including the day's moves, AXEJ up 16% YTD, outperforming a 0.7% rise in AXJO

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))