Aussie shares slip as brent crude hits new wartime high
The Australian stock market makes for unhappy viewing for investors as oil prices surge. -AAP Image
The Australian bourse has continued its losing streak into an eighth-straight day as oil prices rocket higher and the realities of a prolonged energy shock hit home for Woolworths and other exposed businesses.
Hold tight - we’re checking permissions before loading more content
The S&P/ASX200 finished Thursday down 21.2 points, or 0.2 per cent, to 8665.8 while the broader All Ordinaries eased 28.1 points, or 0.32 per cent, to 8887.6.
The Australian dollar is buying 71.12 US cents, down from 71.58 US cents at close on Wednesday.
