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TSX May Open Higher As Oil Steadies

Canada's benchmark index looked set to open higher on Thursday, with oil prices steadier, following favorable inventory report from the Energy Information Administration ( EIA ).

Stock futures for the September quarter on the S&P TSX index were up 0.1% recently.

The EIA data showed commercial U.S. crude stocks fell 13% to 466.5 million barrels. Production, however, rose 79,000 barrels per day to more than 9.5 million barrels per day.

The TSX shed 15 points on Wednesday, led lower by energy stocks.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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