May 12, 2008
Stocks headed for moderately higher open as oil falls
U.S. stocks headed for a moderately higher open Monday as oil prices ticked lower and the dollar advanced.
Wall Street just had its first negative week in a month and investors will look to a flurry of economic figures due this week to determine where the economy might be headed.
Light, sweet crude fell 66 cents to $125.30 per barrel in premarket electronic trading on the New York Mercantile Exchange. Oil prices surged nearly $10 last week, touching off concerns about rising prices and their affect on businesses and consumers. Read more
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