Oil Prices Rise as U.S. Stock Futures Diverge in Monday Trading

Oil prices climbed in Monday premarket trading as U.S. stock futures diverged, with Dow and S&P 500 futures edging higher while Nasdaq 100 futures declined.

West Texas Intermediate crude futures rose 1.78% to $93.483 a barrel, while Brent crude futures gained 1.64% to $106.434. Dow futures added 0.09%, and S&P 500 futures increased 0.02%.

Nasdaq 100 futures fell 0.26%. Major European indexes advanced, with the FTSE 100 up 0.83%, France’s CAC 40 higher by 0.49% and Germany’s DAX up 0.82%.

IREN rose more than 4% in premarket trading after the cloud-computing provider entered a multiyear contract with Anthropic. U.S. electricity demand is forecast to increase by about 1,000 terawatt-hours from 2025 through 2030, with data centers expected to account for more than half of the additional load.

International spot gold fell 0.79% to $4,161.34 an ounce, while spot silver declined 0.44% to $60.52.