'There is a lot we don't know': oil prices likely to remain 'volatile', ASX to fall

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Global markets fall on surging oil prices, ASX to drop

Troops on the battlefield could soon face swarms of autonomous kamikaze drones loaded with explosives, according to a leading Australian military thinker.

Brent crude has since settled 13 per cent higher at $US68 a barrel, its biggest daily increase since 2009. "Thanks to the increase in Australia's LNG [liquefied natural gas] exports, the Australian dollar appears to be showing a little bit of resilience to the move higher in oil prices," Mr Catril said.

Energy stocks across global markets benefited from a massive increase to their share price, but nearly all other sectors finished in the red.The benchmark S&P 500 and tech-heavy Nasdaq indices both closed 0.3 per cent lower.

 

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