Wall Street set to open higher, boosted by oil prices

Wall Street looked set to open higher on Monday, with the three major indexes hovering near record levels, supported by higher oil prices and the lingering effects of the post-election rally. Oil prices rose about 2.8 percent to a near three-week high of $47.87 per barrel amid hopes of the OPEC reaching an agreement to cut output. The three major U.S. indexes are near record highs, rallying since the U.S. election as investors bet President-elect Donald Trump's policies would be market friendly.