At 8:55 a.m. ET futures are moderately higher and the price of oil per barrel is up now trading close to $45 a barrel. The market is poised to open higher.
Recall that last week, Saudi Arabia's oil minister stated that the Saudis would be interested in dialing the oil spigot back a notch to support the price of oil. Just on that word alone, oil has rebounded $5 more per barrel. Keep this in mind because if they actually ever did turn the spigot down, oil prices will fly. The last two years of relatively cheap gas would be over in no time.
CNN: Stocks: 4 things to know before the open by Alanna Petroff
Shares in Activision Blizzard (ATVI, Tech30) are rising ahead of the open. Analysts have recently been upgrading their financial expectations for the company, which is behind popular games such as Call of Duty and World of Warcraft. Shares are trading close to an all-time high.
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