TORONTO -- Oil prices slid to two-month low and dragged the Toronto stock market down with them, led by the energy sector.

Toronto's S&P/TSX index ended 162.76 points lower at 13,790.90.

The December contract for benchmark crude oil fell 62 cents to US$43.98 a barrel, its lowest level since late August, amid continuing concerns about oversupply in the market. November natural gas plunged 22 cents to US$2.06 per mmBtu.

Gold rose $3.40 to US$1,166.20 an ounce.

Meanwhile, the Canadian dollar was up 0.07 of a cent at 75.97 cents U.S. as the greenback weakened in advance of this week's two-day policy rate meeting of the Federal Reserve, which gets underway Tuesday.

In New York, markets were mostly negative with the Dow Jones industrial average down 23.65 points at 17,623.05, while the broader S&P 500 gave back 3.97 points to 2,071.18 and the Nasdaq index edged 2.84 points higher to 5,034.70.