Australian shares hit over 3-month low as oil rally revives inflation worries

Australian shares hit a more than three-month low on Thursday, with most sectors trading in negative territory, as a sharp rise in oil prices revived concerns that inflation could stay persistent and keep monetary policy tight.The S&P/ASX 200 index ASX:XJO was down 1.2% at 8,658.10, as of 0010 GMT…