08:12 AM EDT, 09/11/2024 (MT Newswires) -- US equity futures were cautiously lower Wednesday ahead of the consumer inflation report.

Dow Jones Industrial Average futures fell 0.3%, S&P 500 futures declined 0.2%, and Nasdaq futures were down 0.2%.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.1% at $70.63 per barrel and US West Texas Intermediate crude up 2.3% at $67.25 per barrel.

The Consumer Price Index, scheduled for release at 8:30 am ET, is expected to show a 0.2% increase in consumer prices for August to match July's growth, according to estimates compiled by Bloomberg.