India, Sept. 29 -- The major U.S. index futures are currently pointing to a modestly higher open on Tuesday, with stocks likely to move back to the upside following the weakness seen in the previous session.
Early buying interest may be generated in reaction to a steep drop by the price of crude oil, as U.S. crude oil futures tumble by more than 2 percent.
Oil prices are under pressure despite a lack of meaningful progress in U.S.-Iran negotiations to sort out issues and reopen the Strait of Hormuz.
According to some reports, Iranian officials are not optimistic about the possibility of the two nations reaching an agreement before the U.S. midterm elections in November.
The slump in crude oil prices has also contributed to a pullback by...