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The price of Brent crude hit a 14-month low on Thursday, but market analysts now believe that oil could find a floor and expect prices to stabilize.
U.S. stock index futures indicated a higher open on Thursday, as the closely-watched Jackson Hole symposium of central bankers gets underway.
U.K. retail sales grew at a slower pace than expected in July after a fall in the amount spent on food for the first time in 25 years.