Here are the four key things you need to know before the opening bell rings in New York:
1. Crude talk: Oil futures had surged by about 5% overnight but most of those gains have now been erased following a high-level meeting between the world’s biggest oil exporters in Doha, Qatar, on Tuesday.
Traders were hoping that the oil heavyweights might agree to cut production. Instead, a source in the meetings said Saudi Arabia, Russia, Venezuela and Qatar simply agreed to freeze production levels.
