U.S. stock market futures pointed slightly higher Monday as oil prices continued to recover from lows. In light trading Friday, U.S. stocks ended higher led by gains in energy shares, with retailers also in focus as post-Christmas sales began in earnest.
The Dow Jones Industrial Average closed up 47 points, the S&P 500 gained 7.4 points and the Nasdaq Composite advanced 5.3 points.
Oil is likely to remain in focus Monday after a second day of strong gains pushed the February light crude contract back above $40 a barrel. Light crude for February delivery rose $2.24, or 6%, to $39.89 a barrel in electronic trading, having reached $42.20 earlier in the day.