Wall Street to eye oil prices, vehicle sales data

Wall Street looked set for a weaker open on Monday, with U.S. stock index futures tracking declines in European stocks, pressured by the ongoing fall in oil prices.

Brent crude for February delivery fell to $54.58 per barrel on Monday, while U.S. light crude futures extended declines to a third day to $51.16. The declines could put further pressure on U.S. energy stocks.

No major corporate earnings are due on Monday, but auto and truck sales data for December are due to be published.

Read MoreNissan tops US December expectations, Honda misses

Highlights later this week include the minutes from the Federal Reserve's December policy meeting and the closely-watched nonfarm payrolls report.

Read MoreIran's president threatens vote on nuclear deal

Last Friday, U.S. stocks ended near unchanged after the first trading session of 2015. Economic reports showed that manufacturing growth was slowing, but still in expansion mode at the end of last year.

Scaling back from a 128-point surge, the Dow Jones Industrial Average fell as much as 91 points, before closing up 0.1 percent. The S&P 500 fell 0.7 percent, while the tech-heavy Nasdaq shed 0.2 percent.