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Market wrap

The Australian share market has opened sharply lower as oil stocks were pummelled following OPEC's decision not to cut production.

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Read more: OPECEconomicsANZBHP BillitonCommonwealth BankFortescue MetalsLonsecMichael HeffernanMr HeffernanNational Australia BankNew York crudePilbara regionQantasRio TintoSantosThanksgivingThursdayUS marketsWest AustraliaWestpacWoodside Petroleum