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*
Crude rose more than 2 percent on renewed hopes of a deal by
producers to freeze output and cut a global glut. [O/R]
* Investors will parse the minutes to gain insight into the
Fed's thinking on the state of the economy and monetary policy.
* The market has been grappling with mixed signals from central
bank officials, with some supporting an aggressive plan to raise
rates, while Fed Chair Janet Yellen staying cautious.
* Several Fed officials are slated to speak on Wednesday,
including Cleveland Fed President Loretta Mester and St. Louis
Fed President James Bullard. Both are voting members of the
rate-setting Federal Open Market Committee.
* Adding to the uncertainty was a barrage of mixed data
suggesting a recovering U.S. economy could still be susceptible
to risks from a weak global economy.
* Wall Street fell sharply on Tuesday as investors booked
profits from a recent rally, leaving the S&P 500 flat for 2016.
* Cisco shares were up 1.9 percent at $28.10 after JP Morgan
raised its rating on the stock to neutral.
* Allergan fell 2.3 percent to $231, continuing its slide from
Tuesday, after new rules aimed at curbing tax inversions
effectively killed its $160 billion merger with Pfizer. Pfizer
shares rose 0.8 percent to $31.60.
Futures snapshot at 7:29 a.m. ET:
* Dow e-minis were up 27 points, or 0.15 percent, with
25,024 contracts changing hands.
* S&P 500 e-minis were up 3.75 points, or 0.18 percent,
with 187,096 contracts traded.
* Nasdaq 100 e-minis were up 7 points, or 0.16 percent, on
volume of 23,015 contracts.
(Reporting by Abhiram Nandakumar in Bengaluru; Editing by Anil
D'Silva)
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