ASX closes on record high, but oil prices not moving the stockmarket | Finance Report | ABC NEWS
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The local sharemarket rose again today on the back of a powerful session in New York, while the price of oil fell. But as Alan Kohler explains, the oil price is only loosely correlated with the sharemarket's recent gains. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-08-05/asx-markets-business-live-news/106997660 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #ABCBusiness
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