CANADA STOCKS-Weak oil prices weigh on futures

Thu Jul 28, 2016 7:39am EDT
 
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July 28 (Reuters) - Canada's main stock index was set to open lower on Thursday as oil prices slipped to 3-month lows a day after data showed a surprise rise in U.S. crude and gasoline inventories.

The build added to an already huge glut of global refined products just as slowing economic growth dents outlook on demand.

September futures on the S&P TSX index were down 0.07 percent at 7:30 a.m. ET.

Canada's main stock index closed barely lower on Wednesday, hurt by losses in energy shares as oil prices slid on a surprise inventory build, which offset the impact of positive comments from the U.S. Federal Reserve.

No major Canadian data is scheduled for release on Thursday.

Dow Jones Industrial Average e-mini futures were down 0.02 percent at 7:30 a.m. ET, while S&P 500 e-mini futures were up 0.01 percent and Nasdaq 100 e-mini futures were down 0.01 percent.

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

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