Australian energy stocks decline as oil prices drop 2%
10/07/2026 02:16
BUZZ-Australian energy stocks decline as oil prices drop 2% ** 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)
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