Oil prices have risen per cent higher after a report shows US refineries processed record amounts of crude in the past week, eating into inventories, although a surprise jump in petrol stockpiles limited price gains.
Gold has risen to the highest in nearly two months, after North Korea said it is considering an attack on the US Pacific territory of Guam and US President Donald Trump boasted of the strength of the American nuclear arsenal.
The Australian share market has gained ground as Commonwealth Bank's record annual profit was well received, and the Australian dollar fell sharply amid political tension and a weaker iron ore price.
Australian shares have opened higher as investors, pleased with the Commonwealth Bank's bigger-than-expected full-year cash profit, helped fuel a big rise in banking and mining stocks.
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Oil prices have dipped as a rebound in production from Libya's largest oil field prompts selling, and investors worry about higher output from OPEC and the United States.
Gold prices are little changed, failing to gain support from a weaker US dollar as investors digest sharp losses in the previous session and worried about further US rate rises.
The Australian share market has closed higher after the embattled Commonwealth Bank regained some lost ground, prices for iron ore and oil lifted, and better-than-expected jobs data out of the US boosted Wall Street over the weekend.
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The Australian dollar is virtually unchanged against its US counterpart despite the greenback getting a significant boost from surprisingly good key US jobs figures.
Oil prices rose after a strong US jobs report bolstered hopes for growing energy demand, but crude prices declined for the week, pressured by rising OPEC exports and strong US output.
Gold has fallen one per cent after better-than-expected US jobs data boosted the beleaguered dollar and potentially cleared the way for the US Federal Reserve to raise interest rates for a third time this year.
Tabcorp has slipped to a full-year net loss of $20.8 million on the back of costs related to its proposed merger with Tatts, legal battles and its new UK business.
The Australian share market has opened lower with losses by energy stocks and the heavyweight financials, including a two per cent fall in Commonwealth Bank, weighing on the market the most.
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The Australian dollar has retraced its previous session's losses and is again higher against its US counterpart which fell in the offshore session on disappointing data.
Oil prices have fallen, as cautious buying dried up after US crude rose to near $US50 a barrel, with concern about high crude supplies from producer club OPEC offsetting the previous day's data showing record US gasoline demand.
The share market has closed lower as investors took profits, especially in the mining sector and among major oil stocks, and a disappointing earnings report from Suncorp weighed on insurance stocks.
The Australian share market has opened lower, dragged down by heavyweight miners and ignoring Wall Street's lead where the Dow rose to a new record high.
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Oil prices have edged higher, as surging US fuel demand and strong refinery runs offset data from the Energy Department that showed crude inventories did not fall as much as expected last week.
