Brisbane Times
·general
·2 hours ago
Australia’s oil price hits three-month low on US-Iran peace hopes
Australia's oil price fell 12 percent in a week to $US84 a barrel, the lowest since March, amid hopes for a US-Iran peace deal. Tapis crude's decline could lead to reduced fuel prices for motorists as the government's 32¢-a-litre discount expires. Experts suggest local price cuts may alleviate the impact of the excise restoration within.
Summary by OZbrief · Brisbane Times
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