Nov 15 (Reuters) - Australian shares were set to open lower on Wednesday, pressured by a decline in oil and metal prices that hurt related commodity stocks and by a fall on Wall Street that dented investor sentiment.
Oil prices fell for a third day in a row on Tuesday after the International Energy Agency forecast rising U.S. crude output and a fall in global demand growth. O/R
Nickel prices fell more than 5 percent on Tuesday, while iron ore futures on the Dalian Commodity Exchange DCIOcv1 were 4.6 percent lower at 2120 GMT.
The local share price index futures YAPcm1 fell 0.4 percent, or 23 points, to 5953, a 15.746-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 0.8 percent on Tuesday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.2 percent in early trade.