Stocks to watch on the Australian stock exchange:

BHP – BHP BILLITON

FMG – FORTESCUE METALS GROUP

RIO – RIO TINTO

The price of iron ore has fallen $US1.54 overnight, to $US55.55, shying away from the $US60 mark it looked to have had in its sights.

WPL – WOODSIDE PETROLEUM

STO – SANTOS

The price of Brent crude oil has lost momentum, with Brent crude losing almost two per cent overnight and WTI down more than three per cent.