BUZZ-Australian energy stocks set for third straight week of losses on easing oil

Reuters

02-07

BUZZ-Australian energy stocks set for third straight week of losses on easing oil

** Australian energy stocks sub-index .AXEJ falls 1.4% to 8750.9; biggest one-day pct drop since Jan. 28

** AXEJ set to lose 1.4% this week; eyes third straight week of losses

** Underlying crude oil prices on track for three straight weeks of decline, hurt by U.S. President Donald Trump's renewed trade war with China O/R

** Woodside Energy WDS.AX down 0.5%; Santos STO.AX sheds 0.8%, worst drop since Jan. 28, 2024

** AXEJ lost 18.8% in 2024 vs Australia's S&P/ASX 200's 7.5% gain in the period

(Reporting by Nichiket Sunil in Bengaluru)

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

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