Oil and OPEC eyed on Wall Street

U.S. stock-index futures traded flat to higher on Tuesday as traders eyed oil prices and earnings season trailed off.

Crude oil futures gained slightly on Tuesday as OPEC and non-OPEC countries are seen meeting shortly to discuss whether to prop up weak oil prices.

"Oil prices are looking buoyant on fresh hopes that the upcoming OPEC meeting has the potential to curb oil supplies," Naeem Aslam, chief market analyst at Think Markets UK, said in a note on Tuesday.

Companies posting second-quarter earnings on Tuesday included Coach and Valeant Pharmaceuticals International, with Walt Disney due after the bell.

In the U.S., wholesale inventories for June data are out on Tuesday. Second-quarter labor productivity fell 0.5 percent.

The benchmark S&P 500 index hit a new intraday high on Monday before paring gains to close around 0.1 percent lower on the day.

Stock watch

Dutch human resources services provider, Randstad Holding, announced it would buy Monster Worldwide on Tuesday for $3.40 per share in cash, with a total purchase price of around $429 million.


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