By Ellis Mnyandu 1 hour, 10 minutes ago NEW YORK (Reuters) - Stock index futures rose on Tuesday as oil prices slid below $110 a barrel, easing concerns about the outlook for consumer and business spending.The slide in oil prices came after a rally in the U.S. dollar and news that Hurricane Gustav had spared major Gulf oil facilities.
U.S. crude fell 6.5 percent to $107.95 a barrel. Besides easing the toll of higher energy prices on the economy, lower oil prices will also buoy hopes of an easing inflationary pressures at a time when the U.S. Federal Reserve is working to revive growth by keeping interest rates low.
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