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The Market Wrap with Kyle Rodda, Senior Financial Market Analyst at Capital.com

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The oil price has been on the slide in recent days, with lower demand and extra supply behind the change.

    • ASX200: up 0.40%, 7,982
    • AUD: 67.28 US cents
    • GOLD: $2,544 US/oz
    • BITCOIN: $84,685 AUD
  • Leading the pack were tech stocks.. energy was down almost 4%, as the oil price slid once again. 
  • Losses were led by Woodside, which slipped 6.8% to $25.00 after also being downgraded to a “sell” rating from Citi.
  • The AirTrunk deal was also good for ASX-listed data centre company NextDC, which gained 8.4% to $17.42.
  • More falls for the iron ore price – with futures down to $US 90 a tonne –  wasn’t enough to put off the big miners, with BHP & Rio Tinto both in the green.
  • Coal miner Coronado shares were down 16% to 92 cents.
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