BUZZ-Australian energy stocks fall as oil prices weaken
Reuters
Nov 04
BUZZ-Australian energy stocks fall as oil prices weaken
** Australian energy shares .AXEJ fall 0.9%, snapping four sessions of gains; benchmark index .AXJO down 0.7%
** Oil prices fell marginally on Tuesday after rising for multiple sessions since earlier this month as markets weigh OPEC+'s decision to pause output hikes in the first quarter even as concerns over a looming supply glut persisted O/R** Sector constituents Woodside WDS.AX and Santos STO.AX down 0.7% and 0.4%, respectively** YTD, including current session moves, AXEJ gains 0.1% vs AXJO's 8.3% gain
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((Jasmeenaraislam.shaikh@thomsonreuters.com))
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