Australian energy stocks hit 3-1/2-month low after oil prices slump

By Reuters News

** Australian energy stocks .AXEJ drop as much as 5.3% to hit their lowest since July 20

** Oil prices fell more than 8% on Wednesday to settle at their lowest in more than two months after Republican Party lost control of Congress in midterm elections O/R

** Santos STO.AX and Woodside Energy WDS.AX decline 5.8% and 6.4%, respectively

** Sub-index up 21.2% YTD

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