U.S. Stocks Open Higher As Oil Prices Gain

U.S. stocks opened higher on Monday, boosted by gains in oil prices ahead of key monetary policy decisions expected later this week from the Federal Reserve and the Bank of Japan. Oil prices rose after news that military conflicts in Libya had affected that country's crude exports, along with comments from Venezuelan President Nicolas Maduro, who said oil-producing nations were nearing an agreement that would stabilize oil markets. The S&P 500 gained 7 points, or 0.3%, to 2,146. The Dow Jones Industrial Average added 65 points, or 0.4%, to 18,195. And the Nasdaq Composite rose 21 points, or 0.4%, to 5,265.