U.S. Stock Futures Erase Gain Following Report of Libya Oil-Terminal Fire
U.S. stock-index futures erased gains following a report that smoke plumes had been seen near an oil terminal in Libya.
Futures on the Standard & Poor’s 500 Index fell less than 0.1 percent to 1,319.8 at 8:35 a.m. in New York after climbing 0.4 percent earlier. Dow Jones Industrial Average futures rose 3 points, or less than 0.1 percent, to 12,202 after gaining 44 points earlier. Crude oil rose 0.5 percent to $105.49 a barrel.
Smoke plumes were seen in an area near the Es Sider oil terminal in Libya today, Reuters reported. It was not immediately clear whether the oil terminal itself has been hit, the newswire said.
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