CANADA STOCKS-TSX futures rise on higher oil prices

Wed Apr 19, 2017 7:31am EDT
 
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April 19 (Reuters) - Canada's main stock index was set to start higher on Wednesday as oil prices rose after OPEC reaffirmed its commitment to erode a glut that has dogged markets since 2014.

OPEC Secretary-General Mohammad Barkindo said on Wednesday that all oil producers taking part in a supply-cut pact are committed to bringing global inventories down to the industry's five-year average and restoring stability to the market.

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

Canada's benchmark stock index fell on Tuesday, mirroring U.S. market sentiment, with energy stocks leading declines as the price of crude oil fell.

No major economic releases are scheduled in Canada.

Dow Jones Industrial Average e-mini futures were up 0.14 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.28 percent and Nasdaq 100 e-mini futures were up 0.30 percent.

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