CANADA STOCKS-Futures rise on higher oil prices

Tue Feb 16, 2016 7:40am EST
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Feb 16 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Tuesday as oil prices rose after four of the world's largest producers agreed to freeze output.

U.S. crude oil prices were up 2.5 percent and Brent crude prices were up 2 percent after the move by Saudi, Russian, Qatari and Venezuelan oil ministers to tackle a global supply glut.

March futures on the S&P TSX index were up 1.43 percent at 7:30 a.m. ET.

Manufacturing sales data is due at 8:30 a.m. ET

The Toronto Stock Exchange's S&P/TSX composite index rebounded on Friday after five days of losses, led by banks and energy stocks as crude oil prices rallied and after U.S. retail sales data offered encouragement on economic growth.

Dow Jones Industrial Average e-mini futures were up 1.34 percent at 7:30 a.m. ET. S&P 500 e-mini futures were up 1.4 percent and Nasdaq 100 e-mini futures were up 1.78 percent.

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