Australian Oil Stocks Gain, Led by Woodside; Banks Drop on U.S. Concerns

(Bloomberg) -- Australian oil stocks rose, led by
Caltex Australia Ltd. and Woodside Petroleum Ltd. after oil traded
near its highest in 10 months.

Banking shares fell, led by St George Bank Ltd. and National
Australia Bank Ltd. after their U.S. peers dropped on concerns
losses on mortgages will deepen as the housing market weakens.


Read more at Bloomberg Stocks News