Nov 28 (Reuters) - Australian shares are likely to open slightly lower on Tuesday as pressure mounts on Prime Minister Malcolm Turnbull, who lost a Queensland state election at the weekend and risks losing control of parliament in a by-election next month.
A splintering of the conservative base in Queensland has raised questions over how long Turnbull's premiership can survive. Opinion polls show his popularity at a record low. stocks could come under particular pressure after oil prices fell 1 percent on Monday. U.S. crude eased from two-year highs on prospects of higher supply and uncertainty about Russia's resolve to join in extending output cuts ahead of this week's OPEC meeting. O/R
The local share price index futures YAPcm1 fell 0.1 percent or 9 points to 5,982, a 7.8-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.1 percent on Monday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.1 percent or 11.560 points to 8,187.660 in early trade.