CANADA STOCKS-Futures up as oil rises, all eyes on OPEC talks

Wed Sep 28, 2016 7:24am EDT
 
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Sept 28 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Wednesday as oil prices inched up on reports of a surprise draw in U.S. crude reserves.

Members of the Organization of the Petroleum Exporting Countries (OPEC) will hold informal talks at 10:00 a.m. ET in Algiers, but the chances of the group reaching a deal on curbing output to prop up prices appear to be slim.

December futures on the S&P TSX index were up 0.20 percent at 7:15 a.m. ET.

Energy and mining stocks dragged Canada's main stock index lower on Tuesday, cancelling out a modest relief rally elsewhere from a perceived win for Democrat Hillary Clinton in a U.S. presidential debate.

Dow Jones Industrial Average e-mini futures were up 0.06 percent at 7:15 a.m. ET on Wednesday. S&P 500 e-mini futures were down 0.01 percent and Nasdaq 100 e-mini futures were up 0.03 percent.

(Morning News Call newsletter link.reuters.com/nex49s ; The Day Ahead newsletter link.reuters.com/mex49s)

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