U.S. stock-index futures ticked higher on Monday, as European stocks rallied on the back of a gain in oil prices.
U.S. light crude futures rose by more than 1 percent to $43.67 per barrel early on Wednesday, boosted by media reports suggesting that major oil-producing countries could be close to a deal to stabilize crude output. Strong oil prices may support energy stocks on Wednesday.
The first day of the week will be a quiet one for both U.S. economic data and earnings. The NAHB housing market index is due, along with results from Ascena Retail Group.
Later in the week, all eyes with be on the U.S. Federal Reserve's policy announcement on Wednesday at the end of its two-day September meeting. Market consensus is for the Fed to hold its base rate at 0.25-0.50 percent.