Oil prices have slipped, as support from a weaker US dollar was offset by US crude inventories near record high levels that again has raised concerns whether OPEC-led output cuts are starting to drain a global glut.
The Australian dollar remains just shy of US77 cents but the share market has surrendered most of its early gains in the wake of disappointing jobs figures.
The Australian dollar has surged against its US counterpart, lifting more than a cent to close to 77 US cents, as the greenback falls following the Federal Reserve' interest rate rise.
Oil prices have climbed for the first time in more than a week on a surprise drawdown in US crude inventories and data from the International Energy Agency (IEA) suggesting OPEC cuts could create a crude deficit in the first half of 2017.
Spot gold has rallied more than 1.5 per cent to a one-week high, as the US Federal Reserve calls for gradual monetary tightening after raising interest rates by an expected 25 basis points.
The share market has staged a late recovery to close in positive territory for a second consecutive session, with the heavyweight mining sector the key area of strength.
PM to demand more gas supplyMalcolm Turnbull will press the nation’s gas giants to ramp up production as a short-term solution to an impending domestic
The Australian dollar is little changed against its US counterpart despite the greenback lifting ahead of the Federal Reserve's decision on whether it will raise its interest rate this month.
Oil has tumbled after OPEC reports a rise in global crude stocks and a surprise output jump from its biggest member, Saudi Arabia, further pressuring prices that have now erased nearly all gains since OPEC announced production cuts in November.
Gold prices are little changed as an expected US interest rate rise boosts the US dollar and weighs on the precious metal, but political risks in Europe provide safe-haven support.
The share market has closed almost flat as a disappointing domestic business confidence survey and Chinese economic data contributed to the loss of early gains.
The Australian share market is gaining strength, thanks to the heavyweight materials sector on the back of higher commodity prices after a mixed performance on Wall Street.
First-home buyers may get super accessTreasurer Scott Morrison has fuelled speculation the government may allow first-home buyers to access their super
The Australian dollar is slightly higher against its US counterpart as the greenback remains steady ahead of the Federal Reserve's interest rate decision.
Oil prices are steady to soft after touching three-month low, testing a slide that began last week when the market became less optimistic that OPEC's efforts to restrict output would reduce a global oil glut amid swelling US. supplies.
Gold prices are little changed as the prospect of an imminent interest rate rise keeps them near the five-week lows touched last week, while elections in Europe create uncertainty and fuels investor buying.
US stocks ended little changed in light volume on Monday, with traders eyeing a Federal Reserve meeting expected to result in an interest rate increase later this week.
The Australian share market has closed lower after suffering widespread losses across the financials, healthcare and retail sectors and a sharp sell-off in energy companies.
The Australian share market is off to a weak start, despite gains on Wall Street on Friday, as investors turn nervous ahead of key global macro-economic and political events later this week.
Coalition split over Hanson dealsMalcolm Turnbull has put himself on a collision course with elements of his party by refusing to rule out preference d
Oil have again skidded again, pushing prices to three-month lows as investors continue to flee bullish positions on worries that OPEC-led production cuts have not yet reduced a global glut of crude.
Gold has recovered from an early drop to five-week lows after a US non-farm payrolls report for February failed to meet elevated expectations, prompting a drop in the US dollar and Treasury yields.
Gas majors called to fix ‘energy crisis’Big gas producers are scrambling to come up with solutions to a looming domestic gas shortage to avoid potential restrictions on
Oil prices have slid nearly 3 per cent, extending the previous session's dive that brought prices to the lowest levels this year, as record US crude inventories fed doubts about whether OPEC-led supply cuts would reduce a global glut.
