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Oil prices rebounded from an early slide to finish higher and strengthen further in post-settlement trade, as investors feared US sanctions could dampen Iran's output.
The Australian dollar has fallen to its lowest level in over four months, dragged down by lower US stocks and metals prices, as well as higher US bond yields, which are supporting a higher US dollar.
The Australian share market has ended Monday's session higher, ignoring soft Wall Street leads with investors finding value in the big mining companies and the nation's largest lenders.
Oil prices edged up on Friday, stabilising after an earlier slide driven by US President Donald Trump's criticism of OPEC's role in pushing up global oil prices.
Gold prices eased on Friday as the US dollar advanced on expectations of higher US interest rates and market players grew a bit less worried about global political and security risks.
State governments have approved more detailed design work on the National Energy Guarantee to proceed at a Council of Australian Governments energy ministers meeting today, although Labor state leaders still have objections.
The Australian dollar is lower after the release of disappointing local jobs figures on Thursday, and after Wall Street was dragged down by the tech stocks.
Oil prices peaked at highs not seen since 2014, built on the ongoing drawdowns in global supply and as Saudi Arabia looks to push prices higher, though US crude gave back gains in the afternoon to
The Australian share market closed higher for a fifth straight session, led by the mining and energy sectors, after commodity prices jumped on hopes of stronger economic activity in China, and low US oil stocks.
Oil futures jumped nearly three per cent on Wednesday on a decline in US crude inventories and after sources signalled top exporter Saudi Arabia wants to see the crude price closer to $US100 a barr
Gold prices rose to a one-week high on Wednesday on technical trading and some safe-haven demand even as the US dollar held on to gains and stocks rose on risk appetite.
AMP has had $1 billion wiped off its market value during a royal commission appearance in which the wealth management giant admitted to charging clients for advice they never received and then lying about it to the corporate watchdog.
The remainder of the 2018 Margaret River Pro has been cancelled and the future of the World Surf League event may be in jeopardy due to fears of shark attacks.
Rio Tinto has announced an 8 per cent spike in its Pilbara iron ore production to 83.1 million tonnes for the quarter, while shipments were up 5 per cent at 80.3mt.
Australian shares have opened higher after US stocks rallied on the back of some strong company earnings reports and as concerns over geopolitical tensions ease.
Gold prices turned positive on Tuesday as some investors held onto positions, while a sharper risk appetite benefited cyclical assets at bullion's expense as the US dollar's recovery from three-wee
Oil prices rose on Tuesday, as support from the possibility of supply disruptions and a strong equities market offset the effects of profit-taking following last week's rally above three-year highs
The Australian dollar is lower, coming under pressure after the release of weaker than expected Chinese economic growth and industrial production figures.
The Australian share market closed almost flat as early gains drifted away following the Reserve Bank's comments that the next interest rate movement will likely be up.