Australian share market closed at a one-week low on Friday, 28 November 2014, as risk aversion selloff across the board. Shares of oil producers were being suffered the most amid tumbling crude prices and a decision by OPEC's oil ministers to maintain production targets despite a glut of the commodity. Airline and transport logistics stocks were rare bright spots on the market, as lower energy costs will be a boon to their bottom line. The S&P/ASX 200 index stumbled 87.90 points, or 1.63%, to 5313 and broader All Ordinaries index retreated 83.30 points, or 1.55%, to 5298.10.
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