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Here are five things you must know for Thursday, April 20:

1. -- U.S. stock futures were rising Thursday after oil prices rebounded and tensions with North Korea eased.

European stocks traded mixed while Asian shares finished the session mostly higher.

A recent statement from Donald Trump that the U.S. wants peace followed by U.S. Ambassador to the United Nations Nikki Haley's message to North Korea on Wednesday that, "We're not trying to pick a fight" appeared to help take the edge off of recent worries over brewing tensions between Pyongyang and Washington, the Associated Press reported.

The economic calendar in the U.S. on Thursday includes weekly Jobless Claims at 8:30 a.m. EDT, the Philadelphia Fed Business Outlook Survey for April at 8:30 a.m., and Leading Indicators for March at 10 a.m.

Federal Reserve Gov. Jerome Powell and European Commission Vice President Valdis Dombrovskis are scheduled to participate in a Q&A discussing "Capital Markets, Growth & the Economy of Tomorrow" at the Global Finance Forum in Washington at 8 a.m.

2. -- Global oil prices were rising Thursday, following the biggest single-day decline in more than month, after Saudi Arabia's energy minister said OPEC members could potentially agree to extend their production cuts beyond the agreed to June deadline. 

Speaking to reporters in Abu Dhabi, Khalid al-Falih said there is a "building consensus" among OPEC members to extend the production cuts which, along with non-members including Russia, have taken 1.8 million barrels of crude from the market each day. The Saudi energy minister said no agreement had been reached, but repeated his view that "the consensus is building."

"We have a noticeable increase in compliance from non-OPEC, which shows the importance of extending the agreement," said Kuwait's oil minister, Essam al-Marzouq, in comments reported by Reuters. "Compliance from Russia is very good. Everyone will continue on the same level."

West Texas Intermediate crude oil was rising 0.7% early Thursday to $51.21 a barrel, while Brent crude, the global benchmark, was up 0.8% to $53.37 a barrel.

Crude oil prices tumbled Wednesday after a weekly reading on inventories showed a decline, though not as steep as analysts anticipated.

3. -- Qualcomm (QCOM)  shares jumped 2.8% in premarket trading on Thursday after the chipmaker posted fiscal second-quarter earnings of $1.34 a share, topping analysts' expectations of $1.19.

Revenue in the quarter was $5.99 billion; analysts expected $5.89 billion.

Qualcomm said it expects third-quarter profit of 90 cents to $1.15 a share, while Wall Street is looking for earnings of $1.09.

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