CANADA STOCKS-Futures gain as crude oil rally continues

Thu Feb 18, 2016 7:29am EST
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Feb 18 (Reuters) - Stock futures suggested a higher opening for Canada's main stock index on Thursday as oil prices gained after Iran welcomed plans to freeze output and an industry report showed a surprise drop in U.S. inventory last week.

American Petroleum Institute, an industry group, said U.S. crude stocks unexpectedly fell by 3.3 million barrels last week.

March futures on the S&P TSX index were up 0.66 percent at 7:30 a.m. ET.

Wholesale trade data is due at 8:30 a.m. ET

The Toronto Stock Exchange's S&P/TSX composite index scored a six-week high on Wednesday, led by financial and energy stocks after crude oil prices surged on supply freeze optimism.

Dow Jones Industrial Average e-mini futures were up 0.42 percent at 7:15 a.m. ET. S&P 500 e-mini futures were up 0.38 percent and Nasdaq 100 e-mini futures were up 0.58 percent. (Morning News Call newsletter; The Day Ahead newsletter


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