Crude oil prices continued to plunge Tuesday, dropping to the lowest since late August amid mounting global supplies.
Wednesday is likely to be an eventful trading session with the Federal Reserve making its latest interest rate decision.
Earlier in the day, the Energy Information Administration will release its U.S. crude oil inventories data. Stockpiles have recently risen to record highs.
December oil fell 78 cents, or 1.8%, to settle at $43.20/bbl on Nymex.
The Commerce Department released a report today showing a continued decrease in durable goods orders last month.
Durable goods orders slid by 1.2 percent in September following a revised 3.0 percent decrease in August.
The material has been provided by InstaForex Company – www.instaforex.com