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5 things to watch on the ASX 200 on Thursday

It was another disappointing day of trade for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) on Wednesday. The benchmark index finished the day 1.7% lower at 5,732.8 points.

Will the ASX 200 be able to bounce back on Thursday? Here are five things to watch:

ASX futures pointing higher.

According to the latest SPI futures, the ASX 200 is expected to open the day higher on Thursday. Futures contracts are pointing to a 0.2% or 13 point rise at the open. This is despite a disappointing night of trade on Wall Street which late in the session sees the Dow Jones down 0.9%, the S&P 500 0.8% lower, and the Nasdaq off 0.75%.

Oil prices rebound.

Shareholders of the likes of Oil Search Limited (ASX: OSH) and Santos Ltd (ASX: STO) will be breathing a sigh of relief this morning after oil prices stabilised. According to Bloomberg, the WTI crude oil price rose 0.8% to US$56.13 a barrel and the Brent crude oil price has pushed 0.8% to US$65.99 a barrel. News that OPEC may be considering a significant cut to its output next year has eased concerns of an impending supply glut.

Corporate Travel Management Ltd insider buying.

The Corporate Travel Management Ltd (ASX: CTD) share price managed to avoid the market selloff on Thursday with a 3% gain. One person that was buying shares yesterday was the embattled corporate specialist’s CEO Jamie Pherous. He added an extra 70,000 shares to his holding for a total consideration of $1.56 million. This appears to have improved investor sentiment following the short seller attack.

Graincorp results.

The Graincorp Ltd (ASX: GNC) share price will be on watch today when it becomes the latest agriculture share to release its results. This follows recent releases by agribusiness companies Elders Ltd (ASX: ELD) and Ruralco Holdings Ltd (ASX: RHL).

Annual general meetings.

It is a busy day of annual general meetings. The likes of iron ore producer Fortescue Metals Group Limited (ASX: FMG), asset manager Platinum Asset Management Limited (ASX: PTM), medical device company ResMed Inc. (ASX: RMD), and conglomerate Wesfarmers Ltd (ASX: WES) are all scheduled to hold their respective events today and could provide updates.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited and Wesfarmers Limited. The Motley Fool Australia owns shares of Platinum Investment Management Limited. The Motley Fool Australia has recommended Elders Limited and ResMed Inc. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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