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RL: U.S. Futures Drop Despite Rising Crude Prices
 
U.S. futures were headed lower Thursday morning, despite continued gains in oil and gold prices.

European markets were also experiencing declines, with the FTSE 100 and CAC 40 both down 0.3% and the Dax 0.5% lower with about three hours left in trading. Asian indices were mixed, with the Shanghai Composite decreasing 1.4%, but the Hang Seng and Nikkei closing the day in the green.

Crude prices were climbing ahead of the latest Energy Information Administration natural gas report. Friday will see the release of the latest Baker-Hughes rig count. Industry benchmark Brent crude for June delivery was up $0.08 to $39.92 per barrel while West Texas crude contracts was rising $0.06 to $37.81 per barrel.

Shares of Action Alerts PLUS holding Twitter (TWTR) were declining premarket after analysts at Morgan Stanley halved their user-growth estimates for the year and also cut the stock's price target to $16 from $18. The firm now believes Twitter will add 2.6 million users a month globally, down from its previous 5.2 million user estimate.

Yahoo! (YHOO) was falling premarket following a Re/code report that the struggling tech company expects 2016 revenue to fall between 15% and 20%, citing an internal company document. Yahoo! expects revenue this year of $3.5 billion with an EBITDA of $750 million, the report said.

Shares of ConAgra (CAG) were climbing premarket following the release of its latest earnings results. The company reported fiscal third-quarter net income of $204.6 million, swinging to a profit after reporting a loss in the year-ago period. The company reported earnings of $0.68 per share, ahead of analysts' expectations by $0.10.

CarMax (KMX) was also rising premarket following its latest earnings release. The automobile retailer reported fiscal fourth-quarter EPS of $0.74 per share, topping analyst expectations of $0.71. Revenue of $3.71 billion for the February quarter also topped forecasts.

Shares of Rite Aid (RAD) were largely flat premarket, but the company could see a tailwind in trading today after reporting mixed fiscal fourth-quarter results. The company topped bottom-line expectations by $0.01 per share, but missed top-line estimates for the February quarter.
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