Australian shares are set to open lower as Wall Street staged a comeback that drove the S&P 500 up. Oil dropped as the Strait of Hormuz resumed shipping. Follow live updates.

Oil prices are sinking again and pulled back below $US80 per barrel for the first time since early March, while the US stock market drifts near its all-time high.

Oil prices sank again and dropped below $US80 per barrel for the first time since early March, while US stocks drifted near their all-time highs in mixed trading.

Oil prices sink to a three-month low on reports the US will allow Iran to start selling oil again, while the Australian share market is likely to open lower after big falls across…

Australian shares are set to open lower as Wall Street staged a comeback that drove the S&P 500 up. Oil dropped as the Strait of Hormuz resumed shipping. Follow live updates.