Wall Street ticks up modestly as investors await a major release of oil reserves

Wall Street pointed toward modest gains in premarket trading Wednesday as energy prices stabilized somewhat on optimism that a major release of oil reserves was imminent.

Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq were all up around 0.1% before the opening bell.

Oil prices have remained sharply below their peaks near $120 a barrel hit on Monday over fears that the war with Iran would be protracted. Such spikes have been rocking financial markets worldwide...