Toronto stocks closed lower Tuesday as oil prices retreated, and a government report showed signs on inflation in U.S. wholesale prices.

Toronto’s S&P/TSX composite index closed down 64.91 points to 11,996.63, ending a three-session winning streak.

The energy sector off 1.35% as the November contract for crude oil on the New York Mercantile Exchange fell $1.01 to US$58.93 a barrel.

Imperial Oil Ltd. fell 70¢ to $36.30.

Oil had moved higher ahead of a meeting of the OPEC cartel Thursday, when production levels will be discussed.

The TSX mining sector was down 0.8% a day after nickel prices hit a 19-year high and copper prices surged.

The gold sector was 0.3% lower as the December bullion contract in New York fell $5 to US$593.50 an ounce.

The TSX Venture composite index slipped 9.09 points lower to 2,413.09.

The Canadian dollar closed 0.25 of a cent lower at US87.69¢. Before markets opened, the Bank of Canada announced its was leaving its key overnight lending rate unchanged at 4.25%.

U.S. stocks fell on Tuesday after economic data renewed concerns about growth and inflation.

The major U.S. stock indexes snapped a three-session string of gains, causing the Dow Jones industrial average to backtrack from a bid to top 12,000.

The Dow Jones fell 30.58 points, or 0.26%, to end at 11,950.02. The S&P 500 was down 5.00 points, or 0.37%, at 1,364.05. The tech-heavy Nasdaq composite index was down 18.89 points, or 0.80%, at 2,344.95

Tuesday’s economic data included a government report that showed September’s core producer prices exceeded expectations, and increased concerns the Federal Reserve would delay any cut in interest rates while industrial output fell, raising concerns companies may not sustain double-digit earnings growth.

After markets closed, Intel Corp. posted a third-quarter profit that fell by more than one-third from a year earlier to US$1.3 billion, as the world’s biggest chipmaker felt the impact of price cuts.