London LTSE is going to open with 13 points lower, DAX 20 points lower and CAC 10 point lower.
Oil markets are in focus for markets as major oil producers meet on the sidelines of the International Energy Forum in Algeria. The forum is due to end on Wednesday and members of OPEC are expected to hold informal talks at 15:00 London time.
There were hopes that OPEC, alongside other influential non-OPEC producers such as Russia, could agree to a possible production freeze deal that would support oil prices. But crude futures fell about 3 percent on Tuesday after Iran rejected an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes for a compromise.
On Wednesday, oil prices rose, however, as industry data showed a surprise draw in U.S. crude stocks, although worries over a lack of agreement among producers to curb output kept a lid on gains, Reuters reported.
Meanwhile in Asia, markets were mostly lower on Wednesday despite gains in the U.S. market on the back of the first presidential debate and better-than-expected U.S. consumer confidence data.
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