US stock futures rise as fear on Greek deal wanes

NEW YORK (AP) -- U.S. stock futures are rising as fears wane over the European deal to stave off a Greek financial collapse and a measure of business confidence in Germany rose more than expected.

Tempering the gains, however, are rising oil prices which hit nine-month highs despite reports of growing U.S. stockpiles that suggest demand is weakening.

Dow Jones industrial average futures are up 10 points to 12,926, while the Standard & Poor's 500 added 1.1 points to 1,357. The Nasdaq composite index futures gained 5.75 points to 2,584.

In Europe, Britain's FTSE 100 slipped 0.2 percent. Germany's DAX is off 0.4 percent and France's CAC-40 dipped a fraction.

U.S. stocks to watch include Hewlett-Packard Co., which offered a disappointing profit outlook, and Target Corp. which reported mixed fourth-quarter results.