Shares on Wall Street were slightly up Monday, according to the Associated Press, with futures for the S&P 500 and Dow Jones Industrial Average rising 0.1% and 0.2%, respectively.
Oil prices continued last week’s decline, which was prompted by expectations of a possible breakthrough in the Ukraine conflict from President Donald Trump’s planned meeting with Russian President Vladimir Putin on Friday.
Increases in OPEC plus countries’ output have also pulled prices lower in anticipation of higher supplies.
U.S. benchmark crude oil lost 16 cents to $63.72 per barrel on Monday. Brent crude, the international standard, shed 9 cents to $66.50 per barrel.
Investors will take in key reports later this week concerning U.S. inflation at both the consumer and wholesale levels, as well as retail sales.
