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Oil prices continue to retreat: ASX opens 0.6% lower

28 May 2018 – The Australian share market opened lower following mixed leads from Wall Street and is now tracking 0.6 per cent lower at noon. The S&P/ASX 200 appears to be heading toward a month-end close below 6000 points. BHP Billiton (ASX:BHP) are leading the market lower on the back of retreating oil prices, as is Woodside Petroleum (ASX:WPL). The four major banks are also dragging the market down. Reliance Worldwide (ASX:RWC) is up this morning, Beach Energy (ASX:BTP) has fallen 5 per cent.

Source: Finance News Network

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