CANADA STOCKS-Futures point to slightly lower open

Thu Jul 21, 2016 7:28am EDT
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July 21 (Reuters) - Canada's main stock index futures were little changed as oil prices fell after the U.S. Energy Department reported a ninth consecutive weekly drawdown of crude stocks but an overall build in oil inventories.

Crude inventories fell 2.3 million barrels in the week ending July 15, data from the statistical arm of the Energy Department showed on Wednesday.

But at 519.5 million barrels, U.S. crude oil inventories are at historically high levels for this time of year, the EIA said.

September futures on the S&P TSX index were down 0.04 percent at 7:15 a.m. ET.

Wholesale trade data is due at 8:30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index rose to an 11-month high, then retraced gains to end barely higher on Wednesday, with gains for railways and banks offset by sharp losses among gold miners.

Dow Jones Industrial Average e-mini futures were down 0.15 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.1 percent and Nasdaq 100 e-mini futures were up 0.03 percent.

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