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S&P 500 and Nasdaq futures rise as WTI drops sharply

European trading shows US index futures higher—S&P 500 +0.36% and Nasdaq 100 +0.76%—while EUR/USD slips 0.02% and WTI falls to 82.57, down 2.87%.

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European session market picture.

US index futures: S and P futures is up 0.36 percent, Nasdaq futures is up 0.76 percent, Dow futures is up 0.39 percent and Russell futures is up 0.56 percent.

In currencies, the dollar index is up 0.05 percent, euro dollar is down 0.02 percent, GBP/USD is down 0.04 percent and EUR/GBP is up 0.02 percent.

In oil, WTI crude is at 82.57, down 2.87 percent and Brent crude is at 88.17, down 2.62 percent.

UK volume leaders: Lloyds Banking Group up 0.31 percent, BP down 0.26 percent, Barclays up 0.22 percent, HSBC up 0.01 percent and Shell down 0.37 percent. continental European volume leaders: Novartis up 0.33 percent, UBS up 0.35 percent, Deutsche Telekom down 0.07 percent, Nestle down 0.72 percent and SAP down 0.24 percent.