Shares reverse early losses as oil slide continues

Australian shares have clocked a fourth session of gains on hopes of oil supplies normalising. (Joel Carrett/AAP PHOTOS)

Australia's share market has clutched a fourth straight session of gains, buoyed by miners as oil prices extended losses with more details of the US-Iran peace deal emerging.

The S&P/ASX200 overcame an early slump to gain 48.6 points on Wednesday, up 0.54 per cent, to 8,966.3, as the broader All Ordinaries advanced 54.6 points, or 0.6 per cent, to 9,185.9.