The Australian equity market closed marginally lower on Thursday, 13 June 2019, as risk sentiments subdued on taking a negative lead from Wall Street overnight amid uncertainty over an intractable US-China trade dispute and pullback in commodity prices. At closing bell, the benchmark S&P/ASX200 index declined 1.34 points, or 0.02%, at 6,542.40 points, while the broader All Ordinaries shed 9.77 points, or 0.15%, at 6,619.10.
Energy stocks fell as crude oil prices tumbled 4% overnight after crude inventories rose amid concerns of dimming outlook for global oil. Oil & gas explorer Woodside Petroleum fell as much as 2.2%, while Oil Search and Beach Energy lost 2.4% and 5.2%, respectively.
Mining stocks declined, as base metal and iron ore prices retreated.
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