Wake Up Wall Street: Crude Oil Prices Ease

U.S. stock futures trade higher Monday and European and Asian shares gain after the three major U.S. stock indexes closed at record highs on Friday for a second consecutive session.

Author:: Edward Hardy
Publish date:: Feb 13, 2017 6:41 AM EST

This is what you need to know before the market opens:

1. Crude oil prices jumped after the International Energy Agency reported Friday that OPEC members and the 11 non-OPEC countries - which agreed to cut oil production by 1.2 million barrels a day in November - largely have complied with the production cuts.

2. Federal Reserve Chair Janet Yellen is scheduled to deliver a semi-annual report on monetary policy to Congress, her first since the central bank raised rates in December.

3. Verizon (VZ) - Get Report , the largest wireless provider in the U.S., will begin offering plans with unlimited data starting Monday. Verizon's plan allows customers to obtain unlimited data, talk and text at full LTE speeds at a cost of $80 for a single line or $180 for a family of four. Customers have to sign up for AutoPay and paper-free-billing.

4. The Senate is expected Monday evening to confirm Steven Mnuchin, Donald Trump's pick for Treasury secretary, despite complaints by Democrats that Mnuchin failed to protect thousands of homeowners from unnecessary foreclosures when he headed OneWest Bank.