Oil prices have fallen after data suggested inventories at the US crude delivery hub rose in the latest week, compounding worries that troubled emerging markets and trade tensions will dent the outlook for fuel demand.
Australian shares have continued to slide in lines with declines on Wall Street and Asian markets as trade worries and the Turkish lira's plunge dominate markets, while the Aussie dollar is again under pressure and under 73 US cents.
Australian shares have opened lower, dragged down by weakness in the financials and consumer stocks, in line with the weak finish on Wall Street on Friday.
Crude oil prices rose more than one per cent on Friday as US sanctions against Iran looked set to tighten supply, but futures contracts posted a weekly decline as investors worried that global trade disputes could slow economic growth and hurt demand for energy.
Australian shares have suffered a late slide with energy and materials stocks falling, while the Aussie dollar has hit its lowest level since January, 2017, as worries about eurozone bank stability trigger a risk-off flight to the greenback.
Crude oil prices are slightly lower, extending the previous session's losses as the escalating China-US trade dispute casts doubt over the outlook for oil demand.
The Dow and the S&P 500 were little changed at the open while the Nasdaq was firmly higher, propped up by the high-flying technology trio of Apple, Amazon and Microsoft.
Australian shares have made solid gains on Thursday and closed just shy of 6,300 points, with financial and consumer stocks driving gains after positive results for Suncorp and Crown and outweighing a drop in the energy sector.
US stocks were flat on Wednesday after China retaliated to the Trump administration's latest tariffs, escalating trade tensions and muting strong corporate earnings.
Oil prices slid about three per cent on Wednesday as a trade dispute between the United States and China escalated further and after Chinese import data showed a slowdown in energy demand.
The Australian share market has lifted on Wednesday courtesy of strong investor responses to profit reports from Commonwealth Bank, AMP and Tabcorp as well as a lift in mining stocks.
Australian shares are higher in early trade with mining and energy stocks lifting and gains for Commonwealth Bank, AMP and Tabcorp as they post results.
The S&P 500 inched nearer to a record high, lifted by Amazon, Alphabet and Microsoft, and a strong second-quarter earnings season that fuelled optimism about the US economy's strength.
Australian shares have retreated on Tuesday as falling metals prices and a slump in Amcor after its giant US acquisition put pressure on the materials sector.
Australian shares have opened lower, dragged down by the mining sector and despite a slight rise on Wall Street overnight as investors applauded a strong US earnings season.
Oil futures have gained after OPEC sources said Saudi crude production unexpectedly fell in July, raising concerns about global oil supplies as the US prepares to reinstate sanctions against major exporter Iran.
The three major US stock indexes closed higher as investors applauded a strong US earnings season with results from Berkshire Hathaway impressing and Facebook getting a boost.
Australian shares rose on Monday, as strong iron ore prices in China helped material stocks while investors were largely focused on earnings due later in the week.
Australian shares have opened higher, led by mining heavyweights BHP and Rio Tinto following a rise in metal prices, and gains on Wall Street on Friday.
Osborne Park-based Georgiou Group has been awarded an $18.7 million contract to construct a privately-funded traffic bridge carrying Great Northern Highway over the Roy Hill rail line, located approximately 25 kilometres south-west of Port Hedland.
Oil prices have strengthened, with US crude gaining nearly 2 per cent after traders saw an industry report suggesting domestic crude stockpiles would soon decline again.
