ASX shrugs of Wall Street lead to open lower. Gold and iron ore prices weigh on index. Star. Follow for more.
Oil has pushed lower on signs
will progress with a plan to lift output from October, while economic headwinds mount in China. Brent for November slipped toward $US76 a barrel after losing more than 2 per cent on Friday, and West Texas Intermediate traded near $US73. The cartel is due to add 180,000 barrels a day as it gradually restores production that’s been halted since 2022, according to delegates involved in the discussions.
has repeatedly said that it could “pause or reverse” its planned output hikes if necessary, though a political crisis in Libya that’s halved the nation’s production may have given the alliance the space to add more barrels.
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