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‘Smashed’: Oil price surge batters ASX
It was a sea of red on the ASX 200 on Thursday as a jump in oil prices “smashed” the Australian sharemarket, leading to one of the weakest days of trading for the year.
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smh.com.au
ASX slides as rising oil price fuels rate hike bets; Big four banks fall
The Australian sharemarket slumped to a six-week low on Tuesday, with investors bracing for higher interest rates as the Middle East conflict continues to push up fuel costs.
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ASX dips as oil hovers near $US100; Austal jumps on $1.9b bid
Rising oil prices have worsened worries about the high inflation weighing on consumers and companies with the Reserve Bank under increasing pressure to raise rates.
