Here are 10 things you should know for Tuesday, Feb. 16:

1. -- U.S. stock futures were higher Tuesday as global markets stabilized and oil prices rose after major producers agreed to a production freeze.

European stocks traded mixed. Asian stocks ended Tuesday's session with gains.  Japan's Nikkei 225 rose 0.2% after soaring 7.2% the day before. The Shanghai Composite Index in mainland China surged 3.3%.

2. -- The economic calendar in the U.S. Tuesday includes the Empire State Manufacturing Index for February at 8:30 a.m. EST, and the NAHB Housing Market Index for February at 10 a.m.

3. -- U.S. stocks ended the week Friday on a better note than they started, rallying to close at session highs as crude oil scored its best daily performance in seven years. 

The S&P 500 jumped 1.95%, the Dow Jones Industrial Average gained 2%, and the Nasdaq climbed 1.7%.

U.S. markets were closed Monday for the Presidents Day holiday.

4. -- Russia's energy ministry said his country agreed with Saudi Arabia, Qatar and Venezuela to freeze oil production levels if other producers do the same.

The ministry quoted Energy Minister Alexander Novak announcing the decision Tuesday following an unexpected, closed-door meeting involving the four countries in the Qatari capital, Doha.

He said the countries are willing to freeze output levels at January levels "if other oil producers join the initiative."

Getting other producers to go along with that could be tricky. Prices have fallen sharply slump in prices since summer 2014, leaving producers scrambling to win market share from competitors.

Oil prices rose after the meeting. Crude oil prices in the U.S. rose 0.75% to $29.66 a barrel. 

5. -- Private-equity firm Apollo Global Management agreed to buy home-security company ADT (ADT - Get Report)  for $42 a share in cash.

The purchase price is a premium of about 56% over ADT's closing share price on Feb. 12.

The acquisition is expected to be completed by June.

6. -- Bank of America (BAC - Get Report) CEO Brian Moynihan received a pay package last year that was 23% larger than in 2014.

Moynihan's $16 million pay package includes a $1.5 million cash salary and $14.5 million in restricted stock awards tied to certain performance goals. The package doesn't include a cash bonus, according to The New York Times.

Bank of America is a holding in Jim Cramer's Action Alerts PLUS portfolio.

7. -- Anglo American (AAUKF)  said Tuesday it plans to sell its iron ore, coal and nickel units as part of a sweeping strategic overhaul to cope with a commodities rout, Reuters reported.

The mining giant plans to concentrate on its De Beers diamond business as well as platinum and copper assets.

Anglo American wants to raise as much as $4 billion from the sale of assets in 2016 to cut net debt to under $10 billion by the end of the year, Reuters reported.

"We are taking decisive action to sustainably improve our cash flows and materially reduce net debt, while focusing on our most competitive assets, said Anglo American CEO Mark Cutifani, Reuters reported.

Separately, Anglo American's debt was downgraded further into "junk" territory by Moody's Investor Service.

10. -- Earnings are also expected Tuesday from Dean Foods (DF - Get Report) and Rackspace Hosting (RAX) .