Miners, industrials and consumer cyclicals weighed on the exchange after Brent crude prices topped $US100 a barrel for the first time since May.

The Australian sharemarket advanced after Wall Street climbed, shrugging off another jump in oil prices amid the hostilities in the Middle East.

Miners, industrials and consumer cyclicals weighed on the exchange after Brent crude prices topped $US100 a barrel for the first time since May.