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Dow Jones Industrial futures are higher by 0.3 percent, S&P 500 futures gained 0.3 percent and Nasdaq futures added 0.5 percent.
One of the tankers carried oil bound for Japan, whose Prime Minister Shinzo Abe was wrapping up a high-stakes visit in Tehran that sought to ease tensions between Iran and the United States.
A third of all oil traded by sea passes through the strait, which is the narrow mouth of the Persian Gulf.
|XOM||EXXON MOBIL CORPORATION||74.03||-0.81||-1.08%|
Brent Crude prices rose as much as 4 percent, while U.S. crude added 3 percent. This comes a day after oil plunged more than 4 percent, weighed down by a weaker outlook for demand and a rise in U.S. crude inventories despite expectations of extended supply cuts led by OPEC.
In Asia on Thursday, China’s Shanghai Composite finished the day flat, rebounding from early losses. Hong Kong’s Hang Seng fell as much as 1.8 percent, then rebounded for a slight gain of 0.1 percent. Japan’s Nikkei ended the day 0.3 percent higher.
In Europe, Britain’s FTSE 100 was up 0.3 percent, France’s CAC 40 added 0.1 percent and Germany’s DAX rose by 0.5 percent.
|I:DJI||DOW JONES AVERAGES||26004.83||-43.68||-0.17%|
|I:COMP||NASDAQ COMPOSITE INDEX||7792.719474||-29.85||-0.38%|