Elsewhere, HP stock slumped premarket as the personal computer maker trimmed its annual forecast due to slowing demand.Oil prices rose Wednesday, extending recent gains after industry data pointed to a hefty draw in, released late Tuesday, showed that crude stocks fell by over 11 million barrels last week, suggesting healthy demand ahead of the Labor Day holiday that usually marks peak summer demand.is due later in the session, for confirmation.
Additionally, Hurricane Idalia has strengthened into a Category 4 hurricane, the U.S. National Hurricane Center said on Wednesday, as it continues to head towards Florida, disrupting production in the Gulf of Mexico.production, according to the Energy Information Administration.contract climbed 0.6% to $85.39. Both contracts rose over 1% on Tuesday.
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