BUZZ-Australian energy stocks drop on lacklustre oil prices

Reuters
07 Apr
BUZZ-Australian energy stocks drop on lacklustre oil prices

** 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

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))

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