US STOCKS-Wall St set to open lower as oil prices weigh
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By Tanya Agrawal
Feb 2 (Reuters) - Wall Street was set to open lower on Tuesday as oil prices fell further, hit by worries about weak demand and rising supply.
Oil prices were down about 4 percent as hopes for a deal between OPEC and Russia on output cuts faded with Goldman Sachs saying it was "highly unlikely". Oil has fallen more than 70 percent since June 2014.
Shares of Exxon fell 2.75 percent in premarket trading after the oil major reported a 58 percent drop in quarterly profit.
Investors were also concerned about a China-led global economic slowdown and the pace of rate hikes by the U.S. Federal Reserve. The S&P 500 has fallen 5.1 percent this year. Continuación...