(USATODAY.com) - Wall Street stock futures tilted higher on Thursday.
Dow Jones industrial average index futures rose 0.02%, Standard & Poor's 500 index futures advanced 0.1% and Nasdaq index futures were up 0.2%.
On Wednesday, the Dow rose 0.3% to close at 14,824.51. The S&P 500 added 0.3% to 1,634.96. The Nasdaq rose 0.4% to 3,593.35.
WEDNESDAY: Stocks shrug off fears of Syria military strike
Asian stock markets rebounded Thursday as jitters began to ease about a possible international military response to the Syrian conflict.
Japan's Nikkei 225 index rose 0.9% to 13,459.71. South Korea's Kospi advanced 1.2% to 1,907.54. Hong Kong's Hang Seng rose 0.5% to 21,630.91.
Indian stocks advanced the most in a week as the rupee rallied the most in almost two years after India's central bank said it will sell dollars to the state-owned oil importers to stem a decline. The rupee rose as high as 66.85 against the dollar. The S&P BSE Sensex advanced 1.5%. The Sensex has fallen 6% this month.
The price of oil fell below $110 a barrel Thursday, easing off a two-year high, after a report showed a rise in U.S. crude inventories. Benchmark oil for October delivery was down 84 cents to $109.26 per barrel in electronic trading on the New York Mercantile Exchange.
The oil price has surged 27% since touching a low for the year of $86.68 on April 17. Recently, it has been propelled higher by political unrest in Egypt and the threat of U.S. intervention in Syria's civil war. Neither country is a major oil exporter, but traders are concerned that the violence could spread to more important oil-exporting countries or disrupt major oil transport routes.
Contributing: Associated Press