Dow futures jump 100 points; oil recovery eyed

U.S. stock index futures indicated a higher open on Tuesday as oil prices recovered slightly from a sharp decline Monday.

In oil markets, both WTI and Brent gained more than 1 percent to above $37 a barrel as of 8:31 a.m., ET. U.S. crude held a slight premium to the internationally traded Brent.

Dow futures gained more than 100 points, helped by a rise in energy stocks in pre-market trade.

Shares of Qualcomm gained about 1.5 percent in pre-market trade amid news the chipmaker entered new license agreements with two Chinese firms.

Home values in October were 5.2 percent higher than the same period last year, according to the S&P/Case-Shiller National Home Price Index, which measures all nine U.S. census divisions. This is wider than the 4.9 percent annual gain in September.

Consumer confidence is scheduled for release at 10:00 a.m.

In Asia, the Shanghai Composite closed 0.85 percent higher, while Japan's Nikkei finished 0.58 percent higher.

In Europe, the pan-European Stoxx 600 index was up more than 1 percent Tuesday morning, ET.

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— CNBC's Patti Domm contributed to this report