Australian energy firms fall as oil prices slip
28/07/2026 01:38
BUZZ-Australian energy firms fall as oil prices slip ** Shares of Australian energy stocks .AXEJ fall as much as 1.24%, hitting their lowest since July 20
** Sub-index tracks global oil prices lower, which fell after the U.S. abruptly suspended a campaign of air strikes against Iran over the weekend, raising hopes of a diplomatic solution that would allow shipping to resume in the Strait of Hormuz O/R
** Among index heavyweights, Origin Energy ORG.AX shed 1%, while Woodside Energy WDS.AX lost as much as 2%
** AXEJ up 22% this year, including the day's move
(Reporting by Rajasik Mukherjee in Bengaluru)
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