US STOCKS-Indexes set for higher open; Brent crude hits 11-yr low
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By Abhiram Nandakumar
Dec 21 (Reuters) - U.S. stocks were set to open higher on Monday, the first day of a holiday-shortened week, while Brent crude hit an 11-year low.
Trading volumes are expected to be relatively light this week, with U.S. stock markets operating a shortened session on Thursday and closing on Friday for Christmas.
Crude oil prices have been sliding under continued pressure from global oversupply and tepid demand.
"There looks to be like a little relief bounce this morning as we move into the last two weeks of the year," said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey.
"It's a fickle market. All you have to do is look at what we've done for the year and whatever you're going to see today, there's lower confidence in the direction of any move," he said. Continuación...