Sydney Morning Herald | Australian dollar dives on oil stalemate, volatility set to reign again Sydney Morning Herald Oil futures also tumbled, by as much as 6.8 per cent, according to Bloomberg. Both members and non-members of the Organization of Petroleum Exporting Countries (OPEC) were meeting late on Sunday AEST, and talk about some sort of a deal had helped ... The Australian dollar is sinking as hopes for a oil production freeze thaw |