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