Aussie energy index slips as oil prices dip on weak demand outlook

Waypoint REIT

13/07/2022 03:56

** The domestic energy index  .AXEJ  drops as much as 2.4%,
marking its biggest intraday percentage loss since July 6 
    ** Oil prices fell on Wednesday as U.S. inventory data
showed build-ups in crude oil and refined products amid rising
fears of a global economic slowdown  O/R 
    ** Index heavyweight Woodside Energy  WDS.AX  slips 1.9% to
lead losses in the index, followed by Beach Energy  BPT.AX ,
which is down 1.5%  
    ** Viva Energy  VEA.AX  falls 1.4% 
    ** Energy index hits lowest since July 7 
    ** AXEJ up ~23.7% this year, as of last close 
    

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))