need2know: Oil, US stocks to guide market

By Jessica Sier
Updated May 26 2016 - 7:23am, first published 6:53am
Profit taking kept oil under $US50 a barrel overnight.  Photo: AP/File
Profit taking kept oil under $US50 a barrel overnight. Photo: AP/File

Local shares are set to open higher after a Wall Street rose for a second straight session on Wednesday, helped by higher oil prices and investors becoming more comfortable with the prospect of an interest rate hike as early as next month.

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