A rise in world oil prices has boosted the energy sector on the Australian share market.

Losses from the heavyweight financials sector have led the Australian share market lower.

Concerns about US President Donald Trump's future and the implications for the US economy have driven the Australian share market lower.

Investors are still concerned by the continuing fight between the federal government and the big banks over the government's proposed $6.2 billion bank levy.

The share market has closed higher due to gains by the big miners and industrial companies including Qantas.

The Australian market has closed flat after weaker-than-expected Chinese trade and sales data took the edge off early gains.