Australian shares to lift, Wall Streets hits new records amid ‘unlikely’ oil production war

Australian shares are set to rise again, following a rebound on Wall Street which saw the S&P 500 and Nasdaq hit new record highs.

ASX futures were up 0.2 per cent to 7,260 points, by 7:15am AEST.

The Australian dollar had recovered marginally to 74.88 US cents (up 0.1 per cent).

Spot gold was…