Australian dollar lower after oil price fall

THE Australian dollar is lower after oil prices fell to fresh five-year lows after the International Energy Agency cut its oil-demand forecast for 2015.

Australian One Dollar Coins over Black

THE Australian dollar is lower after oil prices fell to fresh five-year lows after the International Energy Agency cut its oil-demand forecast for 2015.

At 0630 AEDT on Monday, the local dollar was trading at 82.36 US cents, down from 82.72 cents on Friday.

US oil prices have tumbled below $US60 a barrel for the first time since July 2009.

At 0648 Monday AEDT, West Texas Intermediate crude for January delivery, the US benchmark, was down $US2.11 at $US58.08 a barrel. Brent crude for January has fallen $US1.78 to $US61.44 a barrel.

Originally published as Australian dollar lower after oil price fall