Sharemarket Endures Worst Session in Five Weeks as Oil Surges The Australian sharemarket suffered its worst session in five weeks on Friday, falling 66. 7 points to close at 8772. 3, a decline of 0.
75% from the previous day's close. The S&P/ASX200 index ended the week 0. 28% lower after three days of gains were wiped out.
The oil market has been a major contributor to this downturn, with Brent crude prices breaching $US100 a barrel for the first time since May.