27 Jun Australia shares set to rise on energy gains, NZ up
June 29 (Reuters) – Australian shares are likely to edge
higher at open on Friday, in line with Wall Street stocks, with
energy stocks poised to drive gains on rising oil prices.
Oil prices climbed on Thursday, with U.S. crude hitting a
three-and-a-half year high, bolstered by supply concerns due to
U.S. sanctions that could cause a large drop in crude exports
from Iran.
The local share price index futures rose 0.2
percent or 13 points to 6185, a 30.4-point discount t
higher at open on Friday, in line with Wall Street stocks, with
energy stocks poised to drive gains on rising oil prices.
Oil prices climbed on Thursday, with U.S. crude hitting a
three-and-a-half year high, bolstered by supply concerns due to
U.S. sanctions that could cause a large drop in crude exports
from Iran.
The local share price index futures rose 0.2
percent or 13 points to 6185, a 30.4-point discount t
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