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US Futures Point South Ahead of Holiday Weekend

U.S. stock futures slipped on Friday as traders took a breather in a light day for economic data, and ahead of a long holiday weekend.

Oil prices eased with global benchmark Brent Crude down 0.58% recently, and U.S. benchmark West Texas Intermediate down 0.45% after official data showed U.S. crude stockpile grew by 9.5 million barrels last week, which overshadowed a potential extension of OPEC's deal to curb production.

At 10:00 a.m., data are expected to show leading economic indicators rising 0.4% in January compared to December's 0.5% gain.

Federal Reserve President Loretta Mester is scheduled to give a speech in Singapore.

In equities, shares of Top Ships ( TOPS ) were 49.3% higher pre-bell after the company reported improved financial results for 2016.

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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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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