Wall Street opens lower as crude prices slide

(Reuters) – U.S. stocks were lower at the open on Wednesday as crude prices slid after top producer Saudi Arabia ruled out production cuts to help tackle a global glut. The Dow Jones industrial average <.DJI> fell 90.26 points, or 0.55 percent, to 16,341.52. The S&P 500 <.SPX> lost 12.61 points, or 0.66 percent, to 1,908.66 and the Nasdaq Composite index <.IXIC> dropped 48.64 points, or 1.08 percent, to 4,454.94.(Reporting by Abhiram Nandakumar in Bengaluru; Editing