By Sruthi Shankar
(Reuters) - U.S. stock futures edged higher on Tuesday, keeping alive Wall Street's 2018 winning streak that is powered by robust economic data and expectations of earnings boost from corporate tax cuts.
Oil rose above $68 a barrel, touching its highest since May 2015, supported by OPEC-led production cuts and expectations of lower U.S. crude inventories.
At 7:00 a.m. ET (1200 GMT), Dow e-minis were up 44 points, or 0.17 percent, with 14,256 contracts changing hands.
Investors awaited the start of the quarterly earnings season for more readings on the impact of recent tax cuts and profit forecasts for the rest of the year.
Among stocks, Target jumped 4 percent after the retailer said its same-store sales for November and December rose 3.4 percent.
GoPro fell 4.3 percent to $6.28 premarket, extending losses from Monday after the action camera-maker flagged a weak holiday quarter that triggered sale talks. The company said it was not actively trying to sell itself but would be willing to partner with a larger sector player.
The U.S. Labor Department is set to release data on job openings and labor turnover for November at 10:00 a.m. ET. Job openings are expected to have risen to 6.038 million from 5.996 million in October.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur)