Oil inched down in Asia today as traders looked to a Federal Reserve policy meeting starting later in the day for leads, analysts said.
New York's main contract, light sweet crude for delivery in October, shed eight cents to $97.09 a barrel and Brent North Sea crude for October delivery fell six cents to $115.34.
"On the commodity front, oil did very little...Although that could swiftly change after Thursday's Fed meeting," IG Markets said in a report.
Market speculation was high that the Federal Open Market Committee would announce new economic stimulus at the end of a two-day meeting Thursday.
But just how far the committee will go, and what kind of impact it can have, is unclear, analysts said.
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Traders were also eyeing the US Department of Energy's weekly US petroleum supplies report due later Wednesday, to gauge demand in the world's biggest oil-consuming country.
In Europe, attention is on a German constitutional court ruling on the European Stability Mechanism, the euro zone financial aid fund, with expectations high that the court will approve its use.