* S&P 500 futures above fair value * Raft of housing data on tap * Crude oil price drops $2 By Kristina Cooke NEW YORK, Aug 26 (Reuters) - U.S. stock index futures edged higher on Tuesday after Monday's steep drop as the price of oil fell below $114. Oil fell $2 as the U.S. dollar strengthened, countering concern that Hurricane Gustav could threaten oil installations in the Gulf of Mexico. The decline in the price of oil will likely give a boost to companies particularly ...
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