Australian energy stocks hit one-month low on oil price drop
Australian energy stocks fell 1.2% to their lowest since August 27, mirroring a slip in oil prices. Major sector players Woodside Energy and Yancoal Australia dropped 0.9% and 2.2% respectively. Oil prices declined as investors anticipated a recovery in Saudi Arabian shipments despite ongoing Houthi attacks.
2%, touching their lowest level since August 27, as oil prices eased while investors focused on a recovery in shipments from Saudi Arabia despite ongoing attacks by Yemen's Houthis, O/R. 2%, respectively. 6% year to date.