US STOCKS-Futures higher as crude extends recovery
* Futures up: Dow 62 pts, S&P 4.75 pts, Nasdaq 15.5 pts
By Abhiram Nandakumar and Ankur Banerjee
Dec 23 (Reuters) - U.S. stock index futures were higher on Wednesday as crude oil prices continued to rebound and investors awaited a slew of economic data.
* Global stocks rallied for the third straight session and the dollar eked out small gains in trade gradually winding down for the holidays.
* Oil prices edged up after an unexpected fall in U.S. inventories, but hovered near multi-year lows as a supply glut persisted and demand looked set to remain muted. Exxon shares were up 1.1 percent, while Chevron rose 1.4 percent in premarket trading.
* U.S. stock markets will have a shortened session on Thursday and stay closed on Friday for Christmas. Trading volumes are expected to remain relatively light through the holiday period.
* U.S. consumer spending rose by 0.3 percent last month, according to data inadvertently released late on Tuesday, 12 hours ahead of schedule.
* The Commerce Department will publish the full report, which includes income and inflation data, at 8:30 a.m. ET (1330 GMT).
* Other data scheduled for Wednesday includes the University of Michigan's consumer sentiment index, which is expected to rise to 92 in December from the preliminary 91.8 reported previously. The report is due at 10:00 a.m. Continuación...