U.S. stock index futures pointed to a higher open for Wall Street on Friday, adding to a late rebound in the previous session, with futures for the S&P 500, for the Dow Jones industrial average and for the Nasdaq up 0.5 to 0.7 percent by 5.02 a.m. EST.
* Early losses on the S&P 500 <.SPX>, triggered by deepening concerns that higher oil could stifle economic activity, eased in late-day trading on Thursday as Brent crude prices came off 2-1/2 year highs of $120 a barrel.
* The index is down 2.7 percent for this week, partly on worries that political unrest in oil-rich Libya could spread to major oil-producing countries and result in persistently higher energy prices at the expense of fragile global economic growth.
* Brent crude hovered at around $112 on Friday, with the crisis in Libya continuing to underpin prices.
* The U.N. Security Council was to meet on Friday to discuss a draft proposal for sanctions against Libyan leaders, locked in a bloody battle for survival against a popular uprising.
* In company news, Boeing Co
* Bailed-out insurer American International Group Inc
* News Corp
* Almost a third of Apple
* Macroeconomic data due on Friday include U.S. fourth-quarter preliminary gross domestic product (GDP) figures at 8.30 a.m., and February's final Reuters/University of Michigan consumer sentiment survey at 9.55 a.m.
* Among the companies scheduled to release earnings results include retailer JC Penny
* In Europe, the pan-European FTSEurofirst 300 <.FTEU3> was up 0.5 percent in early trade, taking a breather after a week-long retreat, though trading in British shares was halted due to technical issues on the London Stock Exchange
(Reporting by Harpreet Bhal)