Business

Jessica Sier

Jessica Sier writes on business, markets, news and real estate. Based in our Sydney newsroom, Jessica is also a multimedia producer.

Investors were overjoyed with the OPEC agreement, which sent ASX energy stocks to their best day in eight years.

ASX falls ahead of Opec meeting

The ASX fell almost 1 per cent as investors ignored climbing metals prices and instead sold energy stocks after oil dropped sharply.

Investors will be largely focused on the oil market this week.

'Asymmetric' OPEC risk to weigh on ASX

After months of negotiation and speculation, OPEC meets on Wednesday to hammer out an oil production deal while investors will also be keenly awaiting the US jobs report on Friday.

The ASX posted a strong gain for the week.

ASX climbs to 3-month high

The sharemarket burst through 5500 to a three-month high, as commodities spearheaded a solid week of gains.