02 Oct Australia shares set to tick up on energy stocks; NZ falls
Australian shares are set to edge higher
on Thursday, likely fueled by energy stocks as Brent crude
surged to a four-year high on upcoming U.S. sanctions on Iran.
Brent crude touched a high of $86.74 a barrel on
Wednesday, as the market rallied despite an unexpected surge in
U.S. crude stockpiles and news of higher Saudi Arabian and
Russian production.
The local share price index futures rose 0.2
percent, or 9 points, to 6,152, a 5.9 point prem
on Thursday, likely fueled by energy stocks as Brent crude
surged to a four-year high on upcoming U.S. sanctions on Iran.
Brent crude touched a high of $86.74 a barrel on
Wednesday, as the market rallied despite an unexpected surge in
U.S. crude stockpiles and news of higher Saudi Arabian and
Russian production.
The local share price index futures rose 0.2
percent, or 9 points, to 6,152, a 5.9 point prem
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