India, Sept. 1 -- The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to see further downside after moving mostly lower over the two previous sessions.
A continued spike by the price of crude oil is likely to weigh on Wall Street amid lingering concerns about the conflict in the Middle East.
U.S. crude oil futures are currently jumping by 2.5 percent on the day after surging by nearly 3 percent in the previous session.
The increase in crude oil prices has led to renewed concerns about the outlook for inflation and the possibility of an interest rate hike by the Federal Reserve at its next meeting later this month.
Worries about higher interest rates have also contributed to an extended adva...