CANADA STOCKS-TSX seen opening firmer as oil boosts energy shrs

Thu Feb 24, 2011 8:51am EST
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Feb 24 (Reuters) - Toronto's main stock index looked set to open higher on Thursday, with rising oil prices likely to lift energy shares, offsetting investor fears that rising oil could derail global economic growth.


* Canadian equity futures <0#SXF:> pointed to a higher open.

* U.S. stock index futures fell, signaling another down day on Wall Street, as oil continued to rally on turmoil in Libya, denting investor sentiment. [.N]

* European shares extended this week's losses as the lingering crisis in Libya sparked an $8-per-barrel jump in Brent crude, fanning further concern about its impact on inflation and growth. [.EU]

* Major markets in Asia were in red, while China's main stock index ended up as coal shares rose on expectations that surging oil price may lift demand for alternative energy sources.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.94 percent in early trade.

* Oil surged more than 7.5 percent to its highest since August 2008 on concern unrest in Libya could spread to other major oil producers in the Middle East, including Saudi Arabia. [O/R]   Continued...