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5 Things You Must Know Before the Market Opens Thursday

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Here are five things you must know for Thursday, Dec. 1:

1. -- U.S. stock futures pointed to a mixed open for Wall Street on Thursday as oil prices stabilized after soaring during the previous session following an agreement from OPEC to cut output.

European stocks traded lower while Asian stocks finished higher Thursday, getting a boost from overnight gains in oil and upbeat factory data from China.

West Texas Intermediate crude oil rose 0.9% early Thursday to $49.89 a barrel. Crude jumped 9.3% on Wednesday and was up 5.5% in November after the Organization of Petroleum Exporting Countries reached an agreement to trim production by 1.2 million barrels a day. OPEC currently produces 33.6 million barrels a day, a record high.

The economic calendar in the U.S. on Thursday...