Australia's share market has defied a hawkish interest rate outlook to clock a second session of gains, as reports of a record release of crude reserves took the pressure off oil prices.
The S&P/ASX200 rose 50.9 points on Wednesday, up 0.59 per cent, to 8,743.5, as the broader All Ordinaries gained 52.6 points, or 0.59 per cent, to 8,976.8.
