Updated with recent oil prices and stock quotes.

NEW YORK (

TheStreet

) -- With several reports citing a renewed sense of economic recovery bubbling about, oil futures rose above $73 Monday on the New York Mercantile Exchange.

The contract for November delivery of benchmark crude was surging $1.78 at $73.55 a barrel in the morning, rising after the front-month contract added 2.6% last week to settle at $71.77 by Friday.

Looking ahead to this week, investors will be eyeing a bouquet of earnings reports coming from several industry bellwethers. Major banks like

Goldman Sachs

(GS) - Get Report

and

Bank of America

(BAC) - Get Report

will report, along with diversified leviathan

General Electric

(GE) - Get Report

, medical drug and supply maker

Johnson & Johnson

(JNJ) - Get Report

, and tech leaders

Intel

(INTC) - Get Report

and

Google

(GOOG) - Get Report

.

Major integrated oil majors finished Friday in mixed territory, though all were tracking higher on Monday morning.

Exxon Mobil

(XOM) - Get Report

and

Chevron

(CVX) - Get Report

were adding 1% and 1.5%, each, just after the opening bell.

ConocoPhillips

(COP) - Get Report

, which lost 1.2% by the closing bell on Friday, was gaining 1.8% in the early going on Monday.

-- Written by Sung Moss in New York

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