U.S. Stock Futures Climb As Losses For Oil Pare Back

U.S. stock futures rose on Monday in a shortened session of trading on Monday, , as oil prices pared back losses made in early European trading hours. Dow Jones Industrial Average futures rose 92 points, or 0.6%, to 16,005, while S&P 500 futures gained 9.75 points, or 0.5%, to 1,884.50. Nasdaq 100 futures rose 22 points, or 0.5%, to 4,163. U.S. stock and bond markets are closed Monday for the Martin Luther King Jr. holiday. Stock futures contracts will trade until 1 p.m. Eastern Time. Oil prices were under pressure on Monday as the market began bracing for an influx of Iran oil after the removal of sanctions on the country. Oil prices fell sharply in Asia, pared some losses, then sold into Europe's open. U.S. crude oil was last hovering at $29 a barrel, off about 40 cents, or 1.36%, while Brent crude traded around $28.43 a barrel, down 50 cents, or 1.7%.