Oil Price Plunge Sets Stage for U.S. Stocks Rally

U.S. stock markets are poised to open higher on Monday, continuing the upward momentum seen at the close of last week's trading.

The S&P 500 futures are currently up by 0.6 percent, suggesting a positive start to the day for the major indices.

This optimism is partly driven by plummeting crude oil prices, which have fallen amid renewed hopes for an end to conflict in the Middle East.

As investors await further developments on this front, they appear to be positioning themselves for a potentially strong opening on Wall Street.