US STOCKS-Futures up on oil rise, China stimulus hopes
* Futures up: Dow 34 pts, S&P 3.25 pts, Nasdaq 8.75 pts
By Yashaswini Swamynathan
Aug 15 (Reuters) - U.S. stock index futures edged higher on Monday, tracking global markets, as oil prices rose and on rising speculation that China may unveil a fresh stimulus program to prop up its economy.
* Oil prices were up for the third straight day, rising to their highest in nearly a month, as speculation intensified that oil producers may try to work out ways to support prices in an oversupplied market.
* The Chinese blue-chip index jumped to a seven-month high on growing optimism of additional stimulus following a series of weak economic data.
* Investors are awaiting the minutes of the Federal Reserve's July policy meeting for clues on when it would raise interest rates. The minutes are due on Wednesday at 2 p.m. ET.
* Robust labor market data and better-than-expected quarterly earnings of U.S. companies could prod the central bank to raise rates sometime this year.
* However, traders remain skeptical of a rate hike as U.S. inflation remains below the Fed's 2 percent target and central banks worldwide unleash stimulus programs to support their economies.
* The odds of a hike stand at 9 percent for September and rise to about 41 percent for December, according to CME Group's Fedwatch tool. Continuación...