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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Oil prices bolstered by bigger-than-expected drop in US crude stocksOil prices moved higher on Wednesday after an industry report showed that U.S. inventories of crude fell more than analysts had expected, ...
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Tokyo: Stocks open higher following US gains[TOKYO] Tokyo stocks opened higher on Tuesday following gains on Wall Street, as Japanese markets resumed trade after a long weekend. Read more at The Business Times.
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