BUZZ-Australian energy stocks face worst week in two months as oil sinks

Reuters

01-24

BUZZ-Australian energy stocks face worst week in two months as oil sinks

** Australian energy stocks .AXEJ fall 1.5%

** Sub-index down 2.6% for the week in what could be its biggest weekly drop since Nov. 25, 2024

** Oil prices sink a day after U.S. President Donald Trump pressured OPEC and its de facto leader Saudi Arabia to lower prices in a broad push to drive up crude production

** Oil and gas co Woodside energy WDS.AX, a sub-index heavyweight, slides 1.4% to A$24.6, lowest since Dec. 31

** AXEJ fell 18.8% in 2024

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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