The Market On Monday

  Good morning. It is 35 degrees and overcast here in the Upper Hudson Valley. Allegedly the sun may peak out from behind the clouds at some point today. The series of recent days with temperatures slightly above freezing has allowed snow from last week's long storm to partially melt away. Spots of grass are beginning to reappear here and there. I hope you had a good weekend. I went a little AWOL from my normal diet and ate a few things that maybe I don't really need. It's hard to avoid the rich food this time of year. I'll be good this week.

  At 8:50 a.m. ET futures are significantly higher and the price of oil per barrel is up. The market is poised to open higher.

  Cheap oil is all the rage. The markets are trying to figure out how to adjust to the oil glut. Today the market is set to open higher but recall that in recent days the opening and closing points have widely varied.

CNN: Stocks: 4 things to know before the open

Crude futures were edging up Monday, and shares in big oil companies look set to rally, despite weekend reports that OPEC won't rush to cut oil production even if prices fall as low as $40 per barrel.