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Oil prices sink ‘quite sharply’ to $US114 a barrel
April 30, 2026
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Posted 3 hours ago by
CommSec’s James Gruber says oil prices sinking “quite sharply” to $US114 “helped” the S&P 500 rise overnight. “The S&P 500 finished up one per cent, and that was due to a mix of decent corporate results, as well as oil prices sinking quite sharply,” Mr Gruber told Sky News Australia. “Yesterday, they settled at $US118 a barrel. They climbed to $US126 overnight but then plummeted to $US114 at the close and that helped shares along the way.” Presented by CommSec.
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Sky News Australia
Coverage and analysis from Australia. All insights are generated by our AI narrative analysis engine.
Australia
Bias: right
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