ASX set to slip as oil prices drive markets lower; SpaceX price rumours
Oil prices are rising due to renewed tensions between the US and Iran, leading to declines in US stock markets. The Australian sharemarket is also expected to drop as futures indicate a fall at the open. Despite the current pressures, there are hopes for a resolution that could stabilize oil prices.
- ▪Oil prices increased by 2.1 percent, reaching $US98.04 per barrel.
- ▪The S&P 500 fell 0.6 percent from its all-time high, while the Dow Jones dropped 445 points.
- ▪The Australian dollar was trading lower at US71.30¢.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.