Australia news live updates
Australia is experiencing unusual weather with ski fields hitting July temperature highs, while fuel prices are rising significantly with potential further increases. Chief economist Shane Oliver warns that diesel prices could surge another 10 cents as oil price increases haven't fully impacted the market yet, and ongoing geopolitical tensions could push oil prices toward $150 per barrel if supply disruptions worsen.
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Australia news live: ski fields reach July temperature high; diesel prices surge
Australia is experiencing unusual weather with ski fields hitting July temperature highs, while fuel prices are rising significantly with potential further increases. Chief economist Shane Oliver warns that diesel prices could surge another 10 cents as oil price increases haven't fully impacted the market yet, and ongoing geopolitical tensions could push oil prices toward $150 per barrel if supply disruptions worsen.
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