Crude oil took its biggest plunge in a year on Wednesday after government data showed US oil inventories kept rising despite Opec's and non-Opec producers' efforts to cut production. Commodities prices are widely under pressure in the run-up to an expected US interest-rate hike next week.

• Oil slumps as US inventories rose again despite producers' efforts to cut output
• WTI crude plunged more than 5%, finding support around $50/barrel
• Next focus for WTI $48.72/b
• Weakness seen across commodities: Hansen
• Rising yields and dollar putting 'spanner in the works' for gold and silver: Hansen
• USD rises on +298,000 ADP payrolls growth: Hardy
• No major expectations for ECB today; eyes on possible QE adjustments
• ECB rate announcement due at 1245 GMT, Draghi news conference 1330 GMT
• US hourly earnings growth more important that NFP on Friday: Hardy