ASX to rise, Wall St fluctuates, oil extends collapse

News Snapshot:

Pinned post – 7.23AM Australian share are poised to open higher, even as Wall Street fluctuated and as oil tumbled amid concerns about the outlook for global demand and interest rates. Futures were up 0.3 per cent or 23 points to 7025 at 7.50am AEDT Global benchmark Brent dropped more than 2 per cent slipping below $US80 a barrel for the first time since July. US benchmark West Texas Intermediate was below $US76 a barrel, down 2.8 per cent near 2.30pm in New York following a 4.3 per cent decline the previous session. The Australian dollar slipped 0.5 per cent...