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S&P/ASX 200 trades near flat line as energy, materials shares slip Brent crude fell 2.3% to settle at US$65.11 a barrel on Thursday after diplomats said progress was made toward a deal to lift sanctions on Iran, which could boost crude supply. Bitcoin prices slipped after the US Treasury said it is taking steps to crack down on cryptocurrency markets and transactions. S&P/ASX 200 (INDEXASX:XJO) weakened from a strong start this morning, with the index trading down 0.011% to 7,018.8 by about 1 pm. This followed strong gains on Wall Street overnight, where indices snapped a three-day losing streak. Locally, energy is the worst-performing sector, down 2.09%, while materials slipped about 1.4%.

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