Stock futures moved higher on Monday after energy ministers from Russia and Saudi Arabia called for an extension to an oil production cap agreement. 

S&P 500 futures were up 0.1%, Dow Jones Industrial Average futures added 0.2%, and Nasdaq futures wereup 0.1%

Crude oil prices rallied on Monday morning after the surprise move from Saudi Arabia and Russia. The ministers called for the current deal among the Organization of the Petroleum Exporting Countries to be extended by nine months, far longer than what analysts had hoped. Speaking in Beijing on Monday, Saudi Arabia's energy minister, Khalid al-Falih, and Russia's Alexander Novak said they wanted the current agreement to continue holding back around 1.8 million barrels of oil from the market each day until the first quarter of 2018. 

"The two ministers agreed to do whatever it takes to achieve the desired goal of stabilizing the market and reducing commercial oil inventories to their five-year average level," the ministers said in a joint statement, "as well as to underscore the determination of oil producers to ensure market stability."

An extension to the OPEC deal will be the main point of conversation when the 13 member countries meet in Vienna on May 25. The current agreement, established last November, is set to expire at the end of June.

West Texas Intermediate crude was up 3.45% to $49.49 a barrel on Monday morning. 

The mood on Wall Street appeared wary after a massive outbreak of cyberattacks spread across Europe. The initial attack, known as "WannaCry," paralyzed computers running Britain's hospital network, Germany's national railway and scores of other companies and government agencies around the world. 

The "WannaCry" attack was estimated to have affected more than 200,000 computers in 150 countries since its initial launch on Friday. Britain's National Cyber Security Centre warned the cyber attack could spread "significantly" as computer systems and networks come online at the start of the working week.

Cybersecurity companies were on the upswing in premarket trading Monday. Symantec (SYMC) , FireEye (FEYE) , and Palo Alto Networks (PANW) were each higher. The PureFunds ISE Cyber Security ETF (HACK) rose more than 3%. 

Manufacturing activity in the New York area fell into negative territory in May, according to the Empire State manufacturing survey. The measure dropped to negative 1 this month from positive 5.2 in April. Analysts had anticipated an increase to positive 7. The headline number was in negative territory for the first time this year. New orders declined to negative 4.4 this month, the worst reading in a year. 

Thermo Fisher Scientific (TMO) was on watch Monday after agreeing to acquire Patheon (PTHN) for $35 a share. The $7.2 billion deal, which includes $2 billion of net debt, is expected to be accretive to adjusted earnings in the first full year after closing. The acquisition is expected to close by the end of the year. Patheon shares jumped 33.6% to $34.74 in premarket trading. 

Moody's (MCO) will purchase Dutch business information provider Bureau Van Dijk for about $3.3 billion in a move that will expand the ratings agency's risk, data and analytics business. The company expects the purchase to benefit top- and bottom-line results slightly in 2018 and become fully accretive by 2019. Earlier this year, Moody's acquired the structured finance data and analytics business of Frankfurt-based SCDM.

Cocktails & Cramer

Join Jim Cramer on May 23 for an exclusive party at Bar San Miguel, his Brooklyn tavern. You'll get to watch a screening of Mad Money, after which Jim will arrive fresh off of the CNBC set to mingle, pose for photos and answer your investing questions. Participants will enjoy dinner, drinks, an autographed copy of Jim's book Get Rich Carefully and a one-year membership to Action Alerts PLUS, Jim's club for investors. (Current AAP members will receive one extra year of membership for free.)
 
When: Tuesday, May 23, 6 p.m.-9 p.m. EDT
 
Where: Bar San Miguel, 307 Smith St., Brooklyn, N.Y.
 
Cost: $375 per person
 
Space is very limited, so click here to reserve your ticket to this exclusive event today.
 

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