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(Reuters) – Futures for Canada’s main stock index on Monday tracked gains in oil prices, which rose on supply cuts from major oil producers, while optimism around U.S. fiscal stimulus bolstered sentiment. Brent crude futures rose 1.3% and U.S. West Texas Intermediate crude futures advanced 1.25%. Saudi Arabia pledged extra supply cuts in February and March on the back of reductions by other members of the Organization of the Petroleum Exporting Countries and its allies. Spot gold gained 0.52%. March futures in the S&P/TSX index were up 0.51% at 7:00 a.m. ET. The Toronto Stock Exchange’s S&P/TSX composite index ended 0.48% higher at 18,129.22 on Friday. Dow Jones Industrial Average e-mini futures were up 0.4% at 7:00 a.m. ET. S&P 500 e-mini futures were up 0.35% and Nasdaq 100 e-mini futures were up 0.4%. (Reporting by Shivani Kumaresan in Bengaluru; Editing by Vinay Dwivedi)
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