US blue-chips to get off to oil-fuelled fast start

Media reports suggest Tesla Motors Inc has raised $1.46bn through a capital issue

Oil barrels. The oil price has almost doubled in a matter of months
The price of the black stuff is on the rise again

Helped by a rise in the oil price, US blue-chips are expected to open firmer.

The price of West Texas intermediate, the US crude benchmark, pushed past $49 a barrel overnight and is heading for $50.

With energy companies like to be in demand, the S&P 500 is expected to open more than seven points up from last night's close of 2,040.

The Dow Jones average is tipped to kick off some 55 points higher at around 17,490.

On the results front, the Campbell Soup Company (NYSE:CPX) was in hot water, shedding 4.3% in pre-market trading, after its sales figures came in below expectations.

First quarter numbers from sportswear seller Foot Locker Inc (NYSE:FL) also disappointed. The shares were off 4% in screen-based trading.

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