US futures are higher this morning on the back of higher oil prices. Oil prices rose after OPEC nations said they would extend their production cut from the idle of this year until March of 2018. Crude and Brent oil are both trading up over 3 percent on the back of this news. In economic data, the Empire State manufacturing index came in at negative 1 in May and later today we will get the home builders survey. Asian markets closed mostly higher led by the Hang Seng and markets in Europe are trading mixed as the FTSE is higher while the CAC and the DAX are down slightly.