Futures Slightly Higher Ahead of Open

US stock index futures pointed to a slightly higher open Friday after a rise in crude oil prices and as investors consider Deutsche Bank's step to raise capital.

U.S. crude oil is at a near three-week high after the closure of a key pipeline from Canada cut into supplies. New York light sweet crude for delivery in October rose Friday in premarket trading.

In Europe, investors wondered whether Deutche Bank's $11.4 billion stock sale would be needed because of new Basel III rules forcing banks to get more capital.

The markets ended slightly higher on Thursday amid light volume. Trading on the New York Stock Exchange has been light all week, with less than 1 billion shares changing hands daily.

Asian shares closed higher, after Chinese imports jumped on strong domestic consumption.

In economic news, economist Nouriel Roubini reiterated late Thursday that U.S. economic growth will come to a halt in the second half of the year and will feel like a return to recession.

Meanwhile, James Bullard, president of the St. Louis Federal Reserve, told CNBC that the economy will slowin the second half but will return to more normal growth in the first half of 2011.

The U.S. Census Bureau is due to release wholesale trade data for July at 10 a.m. Economists polled by Briefing.com expect inventories to have increased by 0.5 percent from a 0.1 percent rise in June.

At 11 a.m. President Barack Obama will hold a press conference where he will announce a long-time economic adviser, Austan D. Goolsbee, to the post of chairman of the Council of Economic Advisers. Goolsbee will replace Christina Romer, who returned to teach at the University of California, Berkeley.

In corporate news, Facebook overtook Google in minutes spent by users, according to new data from researchers at comScore.

BPwill delay the release of third-quarter results by a week because of adding the costs associated with the Gulf of Mexico oil spill.

And Nokiahas replaced its CEO with a Microsoft executive, to better fight fierce competition in the market for smartphones.

Technology shares could be under pressure Friday after National Semiconductor and Texas Instruments issued weak quarterly financial targets. Stifel Nicolaus cut Texas Instruments's price target to $29 from $32, and Jefferies cut National Semi to $10 from $12, and Texas Instruments to $29 from $37.