US STOCKS-Wall St set for higher open as oil prices extend gains

lunes 22 de febrero de 2016 10:01 GYT

* Oil prices up more than 5 percent

* Dean Foods up after profit beats

* Futures up: Dow 177 pts, S&P 20.25 pts, Nasdaq 46.25 pts (Adds details, comment, updates prices)

By Abhiram Nandakumar

Feb 22 (Reuters) - Wall Street was on track to open sharply higher on Monday as prices of crude oil and other commodities surged, pointing to an uptick in investors' risk appetite following a rout in global markets.

Crude prices were up more than 5 percent after data showed a fall in U.S. rig counts and the International Energy Agency said it expects U.S. shale oil output to fall.

Prices of industrial metals such as Copper and Zinc were also up as investors worried about potential shortages.

Still, oil prices are hovering near $30 a barrel - levels last seen in 2003 - with investors weighing the impact of a potential wave of defaults from energy companies on the financial sector.

The S&P financial sector has been the worst performer among the 10 major sectors this year.   Continuación...