All Ordinaries and Oil Price

share market: The oil price fell again but BHP saw its worst one-day drop in years, losing $1.45 to $16.18, according to Australian Broadcasting Corporation. The world biggest miner on Tuesday posted a half-year loss of almost $8 billion and slashed its dividend payouts. Map: Australia Big falls in the mining sector have led the local share market almost 2 per cent lower. With the banking sector also down, this led the All Ordinaries 95 points lower to 4,943. Another half a dozen firms released their results on Wednesday. The ASX 200 lost 104 points to 4,875. (news.financializer.com). As reported in the news.