Australian energy stocks drop on lacklustre oil prices
ReutersApr 7, 2025 12:48 AM
Australian energy stocks .AXEJ down 8.3%, set for their fourth consecutive session of losses, if current trend holds
The sub-index hits its lowest level since early-November 2020
Oil prices fell, extending losses from the previous week, on growing concerns that a global trade war could slow the global economy and weaken oil demand, following China's retaliation against U.S. President Donald Trump's tariffs O/R
Shares of Woodside Energy WDS.AX and Santos STO.AX down 7.2% and 10.4%, respectively
Sub-index down 17.8% this year, as of last close
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