Live: Wall Street retreats as oil prices continue to rise, ASX set to slip

Posted Mon 26 Oct 2026 at 6:59amMon 26 Oct 2026 at 6:59am, updated Mon 26 Oct 2026 at 6:59amMon 26 Oct 2026 at 6:59am

Skip to timeline

Oil prices jumped 3 per cent to $US120/barrel, a level not seen since early in the US/Iran war.

That has seen risk assets like shares put under pressure, with key US indices all falling on Friday and the ASX set to follow today.

Follow the day's financial news and insights from our specialist business reporters on our live blog.

Disclaimer: this blog is not intended as investment advice.

Pinned

Mon 26 Oct 2026 at 6:49amMon 26 Oct 2026 at 6:49am

Market snapshot

By Stephen Letts

• ASX 200 futures: -0.5% at 8,774 points
• ASX 200 (Friday): flat at 8,795 points
• Australian dollar: +0.2% to 70.33 US cents
• Wall Street (Friday): S&P 500 -0.5%, Dow -1.2%, Nasdaq -0.2%
• Europe (Friday): Dax -0.8%, FTSE -0.3%, Eurostoxx600 -0.3%
• Spot gold: -0.7% to $US3,996/ounce
• Oil: Brent futures +3.1% to $US116.72/barrel, WTI futures +3.8% to $U103.27/barrel
• Iron ore (Friday): +0.5% to $US90.40/tonne
• Copper (LME): -1.8% to $US14,098/tonne
• Bitcoin: +0.1% $US80,529
• 10-year bonds: US 5.00% Australia 5.17%

Prices current at around 7:00am AEDT

Collapse all posts

Filter Posts

All

2

Market snapshot

1

Markets

1

Mon 26 Oct 2026 at 6:46amMon 26 Oct 2026 at 6:46am

Good morning

By Stephen Letts

Good morning and welcome to another day on the ABC markets and finance blog.

Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of the day's events, where every post is hopefully a winner, but none should be construed as financial advice.

Wall Street closed lower again on Friday, dragged down by rising oil prices and anxieties about inflation.

Oil will again be a focus today.

Futures trading points to the ASX 200 slipping around 0.5% on opening.