BUZZ-Australian energy stocks tumble on downward headed oil prices

Reuters

2025/03/06

** Australian energy stocks .AXEJ fall as much as 2.8% to 7,899, their lowest level since December 31, 2021; last down 2.2%

** Underlying crude oil prices take a beating after top consumer U.S. posts higher-than-expected stockpiles of the commodity, announcement from OPEC+ regarding an output hike continues to impact sentiment O/R

** Oil and gas major Woodside Energy WDS.AX drops as much as 5.1% to lowest since January 2022, while smaller rival Santos STO.AX is down 1%

** Sub-index is down 8% this year

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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