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US Futures Slightly Higher; OPEC Report, Trump Policies in Focus

U.S. futures were modestly higher on Monday as traders--with no economic data due for release--turned their attention to oil awaiting for the latest OPEC report, while keeping an eye on policy news from Washington, with special emphasis on a meeting between President Donald Trump and Canadian Prime Minister Justin Trudeau.

Oil prices slipped with global benchmark Brent Crude down 0.48% and U.S. benchmark West Texas Intermediate down 0.37% as signs of growing shale production in the United States cast a blanket of cautiousness among traders, who are awaiting the release of OPEC's first report on compliance with its deal to curb production.

There are no economic data due for release on Monday.

In equities, shares of Tower Semiconductor ( TSEM ) were 4.2% higher pre-bell after the semiconductor foundry reported Q4 adjusted net profit that topped the Street estimate, while revenues were in line.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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