(Corrects eighth paragraph to show GDP data due out on Thursday, not later on Wednesday; adds dropped word 'data')
March 15 (Reuters) - Australian shares are set to open lower on Wednesday, tracking Wall Street, as a slump in oil prices is likely to weigh on resources stocks.
Oil prices slid to three-month lows after OPEC reported a rise in global crude stockpiles and a jump in production from its biggest member, Saudi Arabia, despite a deal to curb supply. O/R
Investors are also waiting for the outcome of the Federal Reserve's two-day meeting, with traders pricing in a 90 percent chance the Fed will raise interest rates a quarter of a point.
The central bank's statement is due at 1800 GMT on Wednesday followed by a press conference by Fed Chair Janet Yellen.
The local share price index futures YAPcm1 fell 0.2 percent, or 10 points to 5,752, a 7.1-point discount to the underlying S&P/ASX 200 index .AXJO close.
The benchmark closed 0.03 percent higher on Tuesday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.2 percent, or 13.39 points to 7,163.70 by 2115 GMT.
Annual gross domestic product data for the country, due out on Thursday, is expected to be around 3.1 percent, down from 3.5 percent the previous quarter, a Reuters poll showed. a summary of overnight action across global markets, double click on AU/CALL
For a digest of the day's business stories in Australian newspapers, double click on PRESS/AUB