U.S. stock index futures pointed to a higher open for Wall Street on Tuesday, rebounding from falls in the previous session, with futures for the S&P 500, Dow Jones futures and Nasdaq futures up between 0.4 and 0.6 percent by 4.41 a.m. EST.
Brent crude eased from recent highs after Kuwait's oil minister said OPEC was in discussions to hike production for the first time in two years, though supply concerns arising from political unrest in the Middle East and North Africa continued to underpin prices.
Falling crude prices eased some worries from recent weeks that persistently high energy prices could derail the fragile economic recovery, though investors are likely to closely monitor any signs of a spread of political tension in the oil-rich region which could prompt another spike in prices.
Two Arab newspapers and al Jazeera television said on Monday Libya's Muammar Gaddafi was looking for an agreement allowing him to step down, but there was no official confirmation of the reports.
Technology shares were under pressure on Monday, with the Nasdaq <.IXIC> closing down 1.4 percent -- just above the closely-watched 50-day moving average.
In company news, Boeing Co
Consumer electronics retailer Best Buy Co Inc
Western Digital Corp's
On the economic front, U.S. Treasury Secretary Timothy Geithner will meet with European Central Bank and German finance leaders on Tuesday ahead of a European Union summit that will consider bolstering a rescue fund for debt-strapped bloc members.
Job prospects have improved in 18 large economies from three months ago but are flat in eight countries and weaker in 13 others, with employers unwilling to take on workers until economic growth accelerates, recruitment firm Manpower
In Europe, the pan-European FTSEurofirst 300 <.FTEU3> index of top shares is up 0.3 percent at 1,147.39 points in early trade, after falling 0.4 percent on Monday.
(Reporting by Harpreet Bhal; Editing by Mike Nesbit)