Wall St set to drift lower as oil rebounds on Iran

* U.S. stock futures point to a weaker opening on Wednesday, as U.S. crude CLc1 resumes its rise amid mounting political tensions after Iran says it had test-fired missiles that could reach Israel and U.S. bases in the region. Crude, which shed $5 on Tuesday, rises $1 to above $137 a barrel on Tuesday.

* At 0901 GMT, futures for the Dow Jones industrial average DJc1, the S&P 500 SPc1 and the Nasdaq NDc1 all drop 0.1 percent, after the main Wall Street indexes surged on Tuesday when the fall in crude eased inflation concerns.

* InBev NV (INTB.BR: Quote, Profile, Research) on Tuesday asked a court to make a summary judgment on its lawsuit over the possible removal of all 13 directors of Anheuser-Busch Cos Inc's (BUD.N: Quote, Profile, Research) board, according to court documents obtained by Reuters.

Also, Andrew D. Busch, a non-employee member of Anheuser-Busch Cos Inc's founding Busch family, said he supports the current board of directors as the brewer fights to stop InBev NV from trying to unseat the board's 13 members. [INTB.BR-LEN] [BUD.N-LEN]

* Alcoa's (AA.N: Quote, Profile, Research) shares rose 5.2 percent to $34 in trading after the bell on Tuesday, as the aluminum maker posted second-quarter results that beat market expectations. [ID:nN08306345]