(MENAFN- ProactiveInvestors)Christmas cheer does seem to have hit US markets and shares are expected to open higher on Wall Street. It's the last full day of trading before the holiday and volumes are likely to be thin. The Dow Jones closed ahead yesterday by 165 points at 17 417 while the broader S&P500 added nearly 18 to go to 2038. The tech heavy Nasdaq added 32 to close the session out at 5001. Today Dow futures are up 34 while S&P500 are up 2.5 and Nasdaq futures are nearly ten points to the good. West Texas Intermediate oil is up by again today - by one per cent to US$36.50 a barrel having seen rises yesterday as ended the day at a premium to the European benchmark Brent for the first time in more than five years. However Bernard Aw at City spreadbetter IG Index said..."... the fundamentals in the oil market remains quite bearish as the US oil rig count is starting to increase and US crude inventories remain around 130 million barrels above its five-year average. "Coupled with the high level of supply from OPEC members the oversupply is set to continue into 2016." In corporate matters Nike (NYSE:NKE) the sports shoe giant saw shares add 1.53% in pre-market deals after it bear earnings expectations.
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