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Australia Market ends stronger as energy rally

Capital Market 

Australian share market ended sharp higher on Thursday, 01 December 2016, with energy shares leading rally after news that OPEC had reached a deal to reduce oil production, sending crude prices soaring on Wednesday night.

At the closing bell, the benchmark S&P/ASX 200 index fell 17 points, or 0.31%, to 5440.50, while the broader All Ordinaries index declined 18.10 points, or 0.33%, to close at 5502.40.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 01 2016. 17:37 IST