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Market Snapshot: U.S. stocks poised for higher open as Saudi-Russia surprise lifts oil prices

U.S. stocks were set to kick off the week higher on Monday, with oil prices rallying after Saudi Arabia and Russia called for an extension to OPEC’s production-cut deal.

Futures for the Dow Jones Industrial Average YMM7, +0.23% gained 39 points, or 0.2%, to 20,887, while those for the S&P 500 index ESM7, +0.17% added 3.05 points, or 0.1%, to 2,391.75. Futures for the Nasdaq-100 index NQM7, +0.00% were down 0.50 point at 5,688.50.

The market’s relatively positive tone was supported by crude-oil prices CLM7, +3.55% which jumped more than 3% to trade at a two-week high.

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