Australia is not a big oil exporter, but it is an energy...

Australia is not a big oil exporter, but it is an energy exporter through its coal and LNG projects, and all energy prices will be affected if oil remains weak. Soft global demand that is playing a part in the oil price slide is also weighing on other commodity prices, depressing Australia's export income, government tax receipts, the value of the Australian dollar and resources sector share prices.
Since the end of October Wall Street's less-commodity-intensive sharemarket has risen about 2 per cent. Our S&P/ASX 200 index has fallen almost 4 per cent, after taking a roller coaster ride - a fall of almost 10 per cent from the start of September to the middle of October, a rally of almost 8 per cent from then to November 7, and a fall of almost 6 per cent from November 7 to now, on the back of oil's most recent descent. Energy companies in the ASX 200 index are down 13 per cent since the end of October


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