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Oil prices have settled nearly three per cent lower as rising US production as OPEC exports hit a 2017 high cast doubt over efforts by producers to curb global oversupply.

Gold has fallen to the lowest in nearly four months after stronger than expected United States jobs data increased the likelihood of another US interest rate increase and the US dollar rose.

The Australian share market fell on Friday, erasing its gains for the week as investors worried that central banks are about to wind back economic stimulus measures.

The Australian share market has started the day lower, as investors follow the lead from Wall Street, where indices ended lower after disappointing data and rising tensions in the Korean peninsula.

Arrium buyer reveals $1b spend on steelworksThe British buyers of the Arrium assets including the Whyalla steelworks intend to spend about $1 billion on the steel plant

The Australian dollar is down against its US counterpart, back below 76 US cents even though the greenback has also fallen after a round of weaker-than-expected US employment data.

Oil futures have settled up slightly, but well off session highs, after a sharp but short-lived boost from a much bigger-than-expected decline in US inventories of crude oil and petrol.

Gold has eased but hovers above the previous session's two-month low as weaker-than-expected private sector payrolls data fed into a more cautious view on the pace of US interest rate hikes this year and Treasury yields firmed.

The share market has closed slightly weaker as gains by healthcare companies and several miners were offset by falls in the energy and banking sectors.

Removing Western Australia's Disability Services Commission director-general while changes to the National Disability Insurance Scheme are under way is like sacking a coach before the grand final, the state opposition says.

Former Australian Workers Union official and accused bagman Ralph Blewitt has protested his innocence and claims he is being made the fall guy after facing a Perth court over the alleged embezzlement of more than $400,000.

The Australian share market has started the day in the red, with a slump in oil prices pushing the energy sector lower.

Palmer blames Chinese nemesis for $2.3b lossEmbattled billionaire Clive Palmer is directly blaming his Chinese nemesis CITIC for the collapse of his nickel empire in a

The Australian dollar is lower against its US counterpart which has remained steady, while oil prices have pluneged.

Oil prices have retreated about 4 per cent, ending their longest bull-run in more than five years, as climbing OPEC exports and a stronger US dollar turned sentiment more bearish.

Gold has steadied after Federal Reserve minutes showed a growing split among policymakers on the inflation outlook and the US dollar pares gains, lifting the precious metal above an eight-week low reached earlier in the session.

The Australian sharemarket finished down at the close despite a late rally as global concerns were felt across most sectors except the big miners.

The Australian share market has opened lower, with investors in a cautious mood after the ASX posted its strongest session of the year on Tuesday.

Miners scramble to deal with news out of AfricaA swag of Perth-based explorers with projects in Tanzania were last night scrambling to make sense of new laws passed by

The Australian dollar is lower after the Reserve Bank appeared not to be inclined to consider raising its interest rate.

Oil prices flirted with both positive and negative territory on Tuesday, hovering around $US50 a barrel on tentative signs that a persistent rise in US crude production may be slowing.

The share market has posted its strongest session of 2017, as international investors joined the spending spree that followed recent heavy falls. 

The Reserve Bank of Australia has held its benchmark interest rate at 1.5 per cent, leaving the cash rate unchanged for an 11th straight month.

The Australian share market has got off to a cracking start, led by strong gains by banking and mining heavyweights.

Liberals to block SA bank levyThe banks have chalked up a significant victory after the South Australian Liberal Party vowed to block the state based bank levy because

The Australian dollar is lower against a strengthening US dollar ahead of the Reserve Bank of Australia's interest rate announcement and retail trade figures.

Oil has risen more than 2 per cent, resuming its longest stretch of daily gains in more than five years after data pointed to diminished US output, though analysts said news of rising OPEC production could cap gains.

Gold has fallen to a seven-week low and headed for its biggest one-day loss since November as the US dollar rebounded and 10-year US Treasury yields climbed, weighing on appetite for non-interest bearing bullion.

The Australian share market has closed lower with all sectors except for energy in negative territory.

The Australian share market has opened flat, with investors in a cautious mood after a sharp decline in the previous session and ahead of local and international data this week.

Rio backs GST fightMining behemoth Rio Tinto has added its clout to growing calls for the Federal Government to overhaul the broken GST distribution system, saying the

Gold has eased and remains on track for its first monthly loss this year, as indications by leading central banks that the era of easy money may be coming to a close pushed bond yields higher, hurting the non-interest bearing metal.