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13:48 Thu 01 Jul 2021 S&P/ASX 200 dips on the first day of FY22 after closing out its best year on record OPEC+ may discuss on Thursday about extending the current oil production cuts beyond its original end date of April 2022. The crude oil price is near multi-year highs and recorded its seventh monthly gain in the past eight months. S&P/ASX 200 (INDEXASX:XJO) has slipped 0.48% to 7,277.6 following mixed moves overnight on Wall Street, with the S&P 500 hitting another record high while the Nasdaq fell 0.2%. The local index has surged 24% in the last 12 months for its best year on record.

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