U.S. stock index futures cut gains on Friday, signaling Wall Street will likely open flat to slightly higher, after oil prices' earlier advance evaporated, offsetting news of some stabilization in banks.
* S&P 500 futures SPM9 rose 3.60 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures DJM9 climbed 32 points, and Nasdaq 100 NDM9 futures dipped 4 points.
* Citigroup (C.N: Quote, Profile, Research, Stock Buzz) Chairman Richard Parsons told Reuters the bank does not need any more government capital injections and expressed confidence Citi would remain in private hands. For more see [ID:nN13426253].
* U.S. front-month crude CLc1 was down 0.3 percent, or 14 cents at $46.89, after having come off from an earlier bounce of more than 2 percent. (Reporting by Ellis Mnyandu; Editing by James Dalgleish)
