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Australia shares set to drop as oil prices tumble, NZ flat

    Oct 2 (Reuters) - Australian shares are set to drop on
Friday, with losses in energy stocks likely weighing on the
benchmark as oil prices tumbled overnight.
    Oil prices fell 3% on Thursday as rising COVID-19 cases
around the world dampened the demand outlook, and a rise in OPEC
output last month also pressured prices.      
    The local share price index futures          fell 0.5%, a
31.9-point discount to the underlying S&P/ASX 200 index        
close. The benchmark closed 1% higher on Thursday.
    New Zealand's benchmark S&P/NZX 50 index         rose 0.04%
in early trade.
    


 (Reporting by Arundhati Dutta in Bengaluru; Editing by Leslie
Adler)
  
 
 
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