{"id":596747,"date":"2026-04-10T00:03:11","date_gmt":"2026-04-10T00:03:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/596747\/"},"modified":"2026-04-10T00:03:11","modified_gmt":"2026-04-10T00:03:11","slug":"live-updates-oil-prices-rise-and-wall-street-relief-rally-continues","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/596747\/","title":{"rendered":"Live updates: Oil prices rise and Wall Street relief rally continues"},"content":{"rendered":"

1h agoThu 9 Apr 2026 at 10:16pmMarket snapshot\"EmiliaASX 200 futures: -0.1%Australian dollar: 70.81 US cents\u00a0Wall Street: Dow Jones +0.6%, S&P 500 +0.6%, Nasdaq +0.8%Europe: FTSE flat, Stoxx 600 -0.2%Spot gold: -0.5% to $US4,796\/ounceOil (Brent crude): +1.75% to $US96.41\/barrelIron ore:\u00a0-2.8% to $US102.85\/tonneBitcoin: +1.7% to $US72,488<\/p>\n

Prices current around 8:30am AEST.<\/p>\n

Live updates on the major ASX indices:<\/p>\n

2m agoFri 10 Apr 2026 at 12:00am<\/p>\n

Are markets trading like the war is over?\"Emilia<\/p>\n

You will have seen that overnight, despite mass casualties in Lebanon and reports of the Middle East truce being shaky, Wall Street indexes continued to rise.<\/p>\n

Our local market also closed slightly higher on Thursday, too.<\/p>\n

Here’s some analysis on what markets are doing from Kyle Rodda at Capital.<\/p>\n

The markets continue to hang on to a tenuous ceasefire between the US, Israel and Iran. Market participants are buying into any headline that suggests that it will hold.<\/p>\n

For now, equities are trading as though there\u2019s an optimism about the ceasefire holding and a lasting peace deal being achieved.<\/p>\n

Crude prices, which were due to bounce after such an aggressive sell-off, still reflect a war premium and a risk to future supply.<\/p>\n

41m agoThu 9 Apr 2026 at 11:22pm<\/p>\n

Reports that Saudi Arabia’s oil output cut\"Emilia<\/p>\n

Attacks on Saudi energy facilities have cut the kingdom’s oil production capacity by around 600,000 barrels per day and throughput on its East-West Pipeline by about 700,000 bpd.<\/p>\n

That’s according to Saudi state news agency SPA, which reported this on Thursday, citing an official source at the Ministry of Energy.<\/p>\n

The ministry source did not specify who launched the attacks, but Saudi Arabia has intercepted many Iranian missiles and drones in recent weeks.<\/p>\n

The latest attacks, including previous strikes on some facilities, also disrupted operations at key oil, gas, refining, petrochemical and electricity sites in Riyadh, the Eastern Province and Yanbu Industrial City, SPA said.<\/p>\n

Reporting from Reuters.<\/p>\n

53m agoThu 9 Apr 2026 at 11:09pm<\/p>\n

TelstraSuper closes Direct Access investment product\"Emilia<\/p>\n

A superannuation investment option spruiked as offering “choice and flexibility” has been shut down, leaving members less than two months to sell all their assets.<\/p>\n

TelstraSuper, a fund with around 87,000 members that operates independently of the telecommunication provider, notified customers in November that it would shut its Direct Access investment product.<\/p>\n

The move blindsided some members, who were not aware TelstraSuper had changed its terms and conditions some 18 months earlier to allow it to shut the investment option with 30 days’ notice.<\/p>\n

This one from our very own Adelaide Miller.<\/p>\n

1h agoThu 9 Apr 2026 at 10:46pm<\/p>\n

PM visiting Singapore today to lock in fuel supplies\"Emilia<\/p>\n

Prime Minister Anthony Albanese is in Singapore today to discuss locking in fuel supplies with his counterpart, Prime Minister Lawrence Wong.<\/p>\n

Singapore is a major oil refining hub. It is one of Australia’s most important sources of refined petroleum products and our largest source of petrol.<\/p>\n

However, about two-thirds of the crude oil that normally goes into the city-state’s refineries has been significantly disrupted by the effective closure of the Strait of Hormuz for more than a month now, and they have had to cut output.<\/p>\n

1h agoThu 9 Apr 2026 at 10:31pmOil prices almost hit US$100 again overnight\"Emilia<\/p>\n

Quite a week to be a commodities trader.<\/p>\n

This is what has happened with trades on Brent crude futures in the last week, as focus has homed in on the crucial Strait of Hormuz pipeline during war in the Middle East.<\/p>\n

\"\"(Refinitiv)<\/p>\n

Important to note this is futures for June, so it’s what the market is betting prices will be on Brent in a few months time.<\/p>\n

That big dive in price on 8 April was as a two-week peace deal was announced, contingent on Hormuz re-opening. Clearly, the market thought this would lead to more oil supplies coming back online by June.<\/p>\n

You can also see that as this deal was looking shaky yesterday, prices started rising again and almost hit $US100\/barrel in the middle of April 9 trade.<\/p>\n

However, prices settled back down and closed at $US97.10.<\/p>\n

Are you an oil trader? I would love to chat to you, even confidentially. Email me on terzon.emilia@abc.net.au<\/p>\n

1h agoThu 9 Apr 2026 at 10:10pm<\/p>\n

Trump warns Iran against charging for passage through Strait of Hormuz<\/p>\n

US President\u00a0Donald Trump\u00a0has issued a fresh warning to\u00a0Iran over charging ships\u00a0using the\u00a0Strait of Hormuz.<\/p>\n

There have been reports the Iranian regime is charging up to $US2 million ($2.83 million) for ships to make it through the crucial passage.<\/p>\n

“There are reports that Iran is charging fees to tankers going through the Hormuz Strait \u2014 They better not be and, if they are, they better stop now!” Trump posted on Truth Social.<\/p>\n

\"\"(Truth Social)<\/p>\n

2h agoThu 9 Apr 2026 at 9:56pm<\/p>\n

Relief rally continues on Wall Street overnight\"Emilia<\/p>\n

Good morning! Emilia here with you for this morning’s business and finance blog, where we’ll be continue to look closely at the economic impacts of war in the Middle East.<\/p>\n

A relief rally has continued on Wall Street overnight, with major indexes rising between 0.5% and 0.8%. That’s as investors mull this week’s two-week peace deal.<\/p>\n

It looks like oil markets are mulling the same consideration, with prices rising a few percentage points in the last 12 hours, but nothing to take them back above $US100\/barrel. That’s as energy markets watch the crucial Strait of Hormuz.<\/p>\n

We’ll be here with you all day!<\/p>\n","protected":false},"excerpt":{"rendered":"1h agoThu 9 Apr 2026 at 10:16pmMarket snapshotASX 200 futures: -0.1%Australian dollar: 70.81 US cents\u00a0Wall Street: Dow Jones…\n","protected":false},"author":2,"featured_media":596748,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[2001,64,29217,63,166,2009,99,174,20024,5304,2003,2005,186,1605,160,6461,2010,1603,171,78777,2007,2006,5463,20611,5464,41884,2004,1996,1491],"class_list":{"0":"post-596747","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-asx","9":"tag-au","10":"tag-aud","11":"tag-australia","12":"tag-australian-dollar","13":"tag-bitcoin","14":"tag-business","15":"tag-business-news","16":"tag-commodities","17":"tag-currency","18":"tag-dollar","19":"tag-dow-jones","20":"tag-finance","21":"tag-finance-news","22":"tag-live-blog","23":"tag-live-news","24":"tag-live-update","25":"tag-market-news","26":"tag-markets","27":"tag-markets-live","28":"tag-nasdaq","29":"tag-nyse","30":"tag-sp-500","31":"tag-sharemarket","32":"tag-shares","33":"tag-stockmarket","34":"tag-stocks","35":"tag-tech","36":"tag-wall-street"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/596747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=596747"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/596747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/596748"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=596747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=596747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=596747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}