CANADA STOCKS-TSX futures down as oil prices slip

Thu Mar 30, 2017 7:46am EDT
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March 30 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Thursday following a dip in oil prices as bloated U.S. inventories limited the impact of supply disruption in Libya.

June futures on the S&P TSX index were down 0.17 percent at 7:15 a.m. ET.

Canada producer prices, scheduled for release at 8:30 a.m. ET, likely rose 0.3 percent in February, after recording 0.4 percent rise in the prior month.

The Toronto Stock Exchange's S&P/TSX composite index rose modestly on Wednesday as a more than 2 percent increase in oil prices boosted shares of energy and resource companies.

Dow Jones Industrial Average e-mini futures were down 0.13 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.13 percent and Nasdaq 100 e-mini futures were down 0.11 percent.

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ConocoPhillips on Wednesday agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy Inc for C$17.7 billion ($13.3 billion), making it the latest international oil major to pull back from a region where high costs and low crude prices have made it hard for large companies to make an acceptable return.   Continued...