ASX ends slightly up, ABC's The Business to end this year — as it happened

Key points

• Australian shares closed marginally higher, even as American technology stocks slid, with Meta leading the decline after investors questioned whether its planned expansion of artificial intelligence spending would generate returns.
• Oil prices moved sharply upward, with Brent crude climbing above $113 per barrel following fresh Houthi strikes on Saudi Arabia and renewed worries about a possible flare-up between Washington and Tehran.
• Separately, ABC News director Simon Robinson informed employees that The Business program will not be broadcast next year.