< 1min read
PREVIOUS ARTICLE Morrison sizes up 'big units',... NEXT ARTICLE Oil weighs on ASX but banks cl...

The Australian share market has opened lower after a pullback in oil prices and in the absence of a strong lead from Wall Street.

The benchmark S&P/ASX200 index was down 14.2 points, or 0.22 per cent, at 6,367.9 points at 1015 AEST on Friday, while the broader All Ordinaries fell 15 points, or 0.23 per cent, to 6,455.6.

Energy was the worst performing sector with a 0.89 per cent decline after oil prices eased following Brent crude’s first touch of $US75 for nearly six months.

In the US, the S&P500 closed flat as weakness in industrials offset gains in Facebook and Microsoft, the tech-heavy Nasdaq gained 0.21 per cent, and the Dow Jones Industrial Average closed down 0.51 per cent.

The Australian dollar was worth 70.14 US cents, from 70.16 on Thursday.