December 26, 2019 / 12:49 PM / 2 months ago

TSX futures edge up as oil prices rise

FILE PHOTO: The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren

(Reuters) - Canada’s main stock index futures inched up on Thursday, supported by oil prices after a report showed U.S. crude inventories fell last week.

The American Petroleum Institute, an oil industry group, said late on Tuesday that U.S. crude stocks fell by 7.9 million barrels last week, much more than the decline forecast by analysts.

March futures on the S&P/TSX index SXFc1 were up 0.06% at 7:00 a.m. ET (1200 GMT).

The Toronto Stock Exchange’s TSX index .GSPTSE ended 0.30% higher at 17,180.15 on Tuesday.

Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.13% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.16% and Nasdaq 100 e-mini futures NQc1 were up 0.12%.

Reporting by Nidhi C Sai in Bengaluru; Editing by Saumyadeb Chakrabarty

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