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* Commodities are likely to be pressured further
by the strength in the U.S. dollar. A measure of the greenback
against a basket of major currencies hit its highest since
December 2005.
* Crude oil futures prices dropped to their lowest since May
2009 amid a global supply glut and lackluster demand. Russia's
oil output hit a post-Soviet high last year, and Iraq's oil
exports were at the highest since 1980 in December. [O/R]
* An exchange-traded fund that tracks the performance of S&P 500
energy stocks <XLE.P> was down 1.4 percent in premarket trading.
* Shares of Cempra Inc <CEMP.O> jumped near 30 percent after it
moved closer to approval of its lead antibiotic, solithromycin,
after an oral version of the potential blockbuster met the main
goal in a late-stage trial.
Futures snapshot at 7:21 a.m. EST:
* S&P 500 e-minis were down 5 points, or 0.24 percent,
with 141,995 contracts changing hands.
* Nasdaq 100 e-minis were down 9 points, or 0.21 percent, in
volume of 25,195 contracts.
* Dow e-minis were down 39 points, or 0.22 percent, with
23,479 contracts changing hands.
(Editing by Bernadette Baum)
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