Jan 10 Australian shares are likely to open
lower on Tuesday, snapping five days of gains, with oil and gas
producers likely to come under pressure following a 4 percent
drop in oil prices.
Oil prices fell on Monday on fears that record Iraqi crude
exports and growing U.S. output could undermine OPEC's efforts
to reduce supply.
The local share price index futures fell 0.4
percent, a 53.4 point discount to the underlying S&P/ASX 200
index close. The benchmark ended 0.9 percent higher on
New Zealand's benchmark S&P/NZX 50 index was flat in
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(Reporting by Sindhu Chandrasekaran in Bengaluru; Editing by