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Weaker energy and mining stocks have pulled the share market lower, despite gains by market heavyweights including Telstra and CSL.

The Australian share market has opened lower, with falls across the board following losses on global equity markets and lower oil and gold prices.

Gold prices have fallen as the US dollar has strengthened on increasing bets that the Federal Reserve will raise US interest rates in December.

The Australian dollar is hovering at a three-week low as the US greenback found support among investors following falls in global equity markets and oil prices.

Oil prices have retreated from one-year highs, after OPEC said it was trying to reach a global agreement to cap production for at least six months amid doubts about how much that would reduce a crude glut.

Slumping crude prices and a dour start to Wall Street's corporate earnings season have pulled down US and European equities, while the dollar hit an eight-month high on increasing bets US interest rates will rise in December.

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The Australian share market has closed broadly steady as cautious investors await the next trigger to determine the direction of the market.

The Australian share market has opened higher, following Wall Street's positive close.

Oil prices have jumped as much as three per cent, with Brent hitting a one-year high, after Russia says it is ready to join OPEC in curbing crude output and Algeria calls for similar commitments from other non-OPEC producers.

Gold has recovered from its biggest weekly drop since November after downbeat US payrolls data dampened speculation of a near-term US interest rate rise and as Chinese buyers returned after the Golden Week holiday.

The Australian dollar is still gaining against the greenback after oil prices jumped overnight.

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The Australian share market has closed fractionally higher as gains in financial and resource heavyweights, plus takeover target UGL, offset losses in energy stocks on the back of lower oil prices.

The Australian share market has advanced in early trade, despite a weak close last week on Wall Street, as investors look to build on gains from the past three weeks.

The Australian dollar is trading higher ahead of the second US presidential debate and after disappointing US jobs figures.

Oil has fallen just over one per cent as players took profits on a rally over the past week that propelled prices nearly 15 per cent to four-month highs on hopes of OPEC crude output cuts.

Gold has fallen for the ninth straight session, briefly tapping a four-month low as computer-generated selling offset support from weak US payrolls data, but bullion was on track for its biggest weekly drop in more than three years.

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The share market has ended the week with a fall as markets wait for the latest US jobs data that is likely to influence the timing of an expected US rate hike.

The Australian dollar has slipped against its US counterpart as investors back the greenback going into Friday's key US jobs report.

Gold fell for the eighth straight session on Thursday, slipping to a four-month low, pressured by a stronger dollar after U.S. weekly jobless claims fell and ahead of key data that could put the Federal Reserve on track to raise interest rates this year.

Oil rose more than 1 per cent to four-month highs on Thursday, spurred by another informal OPEC meeting on output cuts and plunging U.S. crude inventories, with some saying the market has overshot itself with a near 15-per cent gain in seven sessions.

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Strong gains by energy and mining stocks and the major supermarkets have driven the share market higher.

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The Australian share market is higher in early trade, helped by positive cues from Wall Street and strong gains in energy prices.

The Australian dollar has fallen against the greenback with stronger-than-expected economic data lifting the US currency.

Gold is little changed with the US dollar paring gains, after bullion inched down to the lowest in more than three months following the previous day's sharp sell-off and a technical break well below the key $US1,300-an-ounce level.

Oil prices have settled up about two per cent, hitting their highest since June, after the fifth unexpected weekly drawdown in US crude inventories added to support on hopes that major producers will agree to cut output next month.

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