Sept 1 (Reuters) - Australian shares are set to extend
losses on Thursday, as a slump in crude prices overnight could
batter energy stocks, while retail sales data, due later in the
day, may determine the course of consumer staples.
Oil prices fell 3 percent or more on Wednesday after a
surprise surge in U.S. crude and distillate inventory.
Investors will be watching out for Australia's July retail
sales numbers, expected to be announced on Thursday, for cues on
economic growth.
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