April 19 (Reuters) - Canada's main stock index was set to start higher on Wednesday as oil prices rose after OPEC reaffirmed its commitment to erode a glut that has dogged markets since 2014.
OPEC Secretary-General Mohammad Barkindo said on Wednesday that all oil producers taking part in a supply-cut pact are committed to bringing global inventories down to the industry's five-year average and restoring stability to the market. futures on the S&P TSX index SXFc1 were up 0.17 percent at 7:15 a.m. ET.
Canada's benchmark stock index fell on Tuesday, mirroring U.S. market sentiment, with energy stocks leading declines as the price of crude oil fell. major economic releases are scheduled in Canada ECONCA .
Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.14 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.28 percent and Nasdaq 100 e-mini futures NQc1 were up 0.30 percent. .N
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TOP STORIES TOP/CAN
Chevron Corp (NYSE:CVX) CVX.N , the second-largest U.S.-based oil company, sold its Canadian gasoline stations and refinery in British Columbia to Parkland Fuel Corp PKI.TO , a marketer of petroleum products, for C$1.46 billion ($1.09 billion). RESEARCH HIGHLIGHTS RCH/CA
Dollarama Inc DOL.TO : TD Securities cuts rating to "hold" from "buy"
Rogers Communications Inc RCIb.TO : Desjardins raises target price to C$62.50 from C$59
Russel Metals Inc RUS.TO : Raymond James raises target price to C$30 from C$26
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1282.3; -0.73 percent GOL/
US crude CLc1 : $52.61; +0.38 percent O/R
Brent crude LCOc1 : $55.16; +0.49 percent O/R
LME 3-month copper CMCU3 : $5639.5; +1.21 percent MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
No economic releases are scheduled.
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