Stocks look set to open lower lower Tuesday as investors react to a resumed slide in oil prices and brace for the Federal Reserve’s decision tomorrow on interest rates.
A major driver of the recent stock market rally has been a sharp rebound in oil prices. But U.S.-produced crude has reversed course the past two trading sessions and has resumed its fall amid fresh worries about oversupply, weighing on market sentimentStocks fall as oil resumes slide. A barrel of West Texas Intermediate crude was down 80 cents, or 2.2%, to $36.38. Crude prices fell more than 3% on Monday.
