08:37 AM EDT, 05/28/2025 (MT Newswires) -- US equity futures were cautiously higher before Wednesday's opening bell as traders looked ahead to the minutes from the Federal Reserve's last policy meeting as well as quarterly earnings from Nvidia ( NVDA ) .

Dow Jones Industrial Average futures edged up 0.01%, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.3% higher.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.1% at $64.25 per barrel and US West Texas Intermediate crude 1.2% higher at $61.62 per barrel.

The policy-setting Federal Open Market Committee is scheduled to release the minutes from its latest meeting at 2 pm ET.

On the earnings front, chip industry major Nvidia ( NVDA ) is scheduled to report Q1 results after the closing bell.

In other world markets, Japan's Nikkei closed flat, S&P 500 futures ended 0.5% lower, and China's Shanghai Composite finished 0.02% lower. Meanwhile, the UK's FTSE 100 were 0.08% lower, and Germany's DAX index were 0.4% lower in Europe's early afternoon session.

In equities, Brooge Energy ( BROG ) shares were 54% higher pre-bell after the company said late Tuesday it agreed to sell two subsidiaries to Gulf Navigation for about $884 million. Joby Aviation ( JOBY ) shares were 10% higher after the company said late Tuesday it closed the first $250 million tranche of an investment from Toyota Motor ( TM ) .

On the losing side, Galaxy Digital ( GLXY ) shares were down over 7%, a day after the company disclosed a public offering of 29 million class A common shares.