FinanceABC News & HeadlinesMarkets live: Wall Street retreats as oil prices continue to rise, ASX set to slip
Oil prices jumped 3 per cent to US$120 a barrel, pushing Wall Street lower and setting the ASX up for a fall as global markets react to rising energy costs.
Oil prices have jumped, putting downward pressure on global stock markets, including the ASX. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Oil prices jumped 3 per cent to $US120/barrel, a level not seen since early in the US/Iran war.
That has seen risk assets like shares put under pressure, with key US indices all falling on Friday and the ASX set to follow today.
Follow the day's financial news and insights from our specialist business reporters on our live blog.
Disclaimer: this blog is not intended as investment advice.
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