National Australia Bank (NAB) Stock Price Slides as Oil Shock Revives RBA Hike Bets
National Australia Bank shares fell 2% to A$46.40 on Thursday, tracking a wider 1.3% drop in the ASX 200 after Brent crude topped $100 a barrel. Investors sold bank stocks as markets priced a 75% chance of a Reserve Bank of Australia rate hike next week.