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US Futures Cautiously Higher; Earnings, Trade Dispute in Focus

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US stock futures were cautiously higher as traders evaluated a raft of corporate earnings while keeping an eye on fresh developments surrounding the trade dispute between the US and China.

Oil prices nudged higher with global benchmark Brent Crude up 0.90%, and US crude West Texas Intermediate up 1.21% recently following reports that Saudi Arabian crude production unexpectedly fell in July, while the US saw a drop in active drilling rigs.

There are no economic news due for release.

In equities, shares of Can-Fite Biopharma ( CANF ) were 18.8% higher pre-bell after the company entered into a licensing in deal in China for the commercialization of Piclidenoson and Namodenoson.

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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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