U.S. stock futures attempted to rebound after a three-day decline as investors awaited the Producer Price Index, a measure of wholesale price changes, later Thursday and the Consumer Price Index due Friday. Oil rose above $100 a barrel for the first time since July as supply routes through the Strait of Hormuz and the Red Sea remained heavily disrupted by an escalating six-month-old war. The higher oil price clouded the equity outlook and reinforced expectations for a Federal Reserve rate increase this month. At 6:53 a.m. ET, Dow E-minis rose 102 points, or 0.19%, while S&P 500 E-minis gained 4.5 points, or 0.06%; Nasdaq 100 E-minis fell 72.5 points, or 0.25%. Investors were also assessing elevated Treasury yields. The Treasury Department said it would buy up to $6 billion in longer-dated Treasury bonds to help keep yields under control, but the benchmark 10-year yield reached 4.8508%, its highest level since 2023. Traders put the chance of a rate increase this month at 62.2%, according to CME FedWatch. Brent crude futures rose 0.41% and settled near $101 a barrel. American Eagle Outfitters fell 11.87% in premarket trading after maintaining its annual comparable-sales forecast and saying current-quarter gross margins could be unchanged from a year earlier. Apple gained 1.33% after launching its folding $1,999 iPhone, Duo, while Meta rose 1.39% following its strongest session in more than two months. LPL Financial's Jeff Buchbinder said strong economic fundamentals have historically helped equities advance despite higher rates when growth remains intact and recession risks stay contained.