Aug 4 (Reuters) - Australian shares are expected to open lower on Friday, under pressure from falling oil prices and mirroring Wall Street, where technology stocks weighed down the S&P 500 .SPX and the Nasdaq .IXIC indexes.
Oil prices fell on Thursday, as cautious buying dried up after U.S. crude rose to near $50 a barrel, on concerns of high crude supplies from OPEC O/R .
The local share price index futures YAPcm1 fell 0.02 percent, or 1 point, to 5,664, a 71.1-point discount to the underlying S&P/ASX 200 index .AXJO close.
The benchmark closed about 0.2 percent lower on Thursday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 was down 0.05 percent, or 3.5 points, at 7,750.25 at 2216 GMT.