Wall Street Preview: Oil Prices Stabilize

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U.S. stock futures pointed higher on Monday and European shares rose as Wall Street posted a slight rebound to end last week as oil prices stabilized.

Asian shares finished Monday, June 26, with gains. Stocks in Shanghai rose 0.9% while Tokyo's Nikkei 225 advanced 0.1%.

West Texas Intermediate crude was trading 0.5% higher early Monday to $43.24 a barrel after gaining 0.6% on Friday. Oil prices, however, came off their highs on Friday following another rise in oil-drilling activity in the U.S. Crude prices earlier last week moved into a bear market, after having fallen more than 20% from a late February high.

This article was written by a staff member of TheStreet.