Futures jump as higher oil prices boost energy stocks

U.S. stock index futures rose on Wednesday following a pullback on Wall Street in the previous session, as resilient fuel demand drove up oil prices, while investors remained on edge due to a stalemate over the next coronavirus federal aid bill.

Energy stocks Exxon Mobil Corp gained 1.1per cent and Chevron Corp added 1.5per cent in premarket trading.Republicans and Democrats have been deadlocked over the fifth coronavirus relief bill even as U.S. cases crossed 5 million. Differences have centered around issues such as unemployment benefits and aid to state and local governments.

The Nasdaq was the first of the three benchmark indexes to bounce back to an all-time high in June. The Dow is about 6per cent below its February peak.

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