CANADA STOCKS-TSX futures up as oil prices continue to rise

Mon Dec 5, 2016 7:30am EST
 
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Dec 5 (Reuters) - Canada stock futures were higher on Monday as oil prices continued to gain in the wake of OPEC's decision last week to cut production.

Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high and coming on the heels of what was the commodity's best week in at least five years last week.

December futures on the S&P TSX index were up 0.26 percent at 7:15 a.m. ET.

Canada's main stock index eked out a small gain on Friday as miners rose with climbing gold prices, while energy stocks slipped after the OPEC deal earlier in the week.

Dow Jones Industrial Average e-mini futures were up 0.45 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.43 percent and Nasdaq 100 e-mini futures were up 0.54 percent. (Morning News Call newsletter link.reuters.com/nex49s ; The Day Ahead newsletter link.reuters.com/mex49s)

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