India, Sept. 28 -- The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to move back to the downside after ending last week's trading on an upbeat note.
The downward momentum on Wall Street comes amid a substantial rebound by the price of crude oil, which has been a key driver of trading in recent sessions.
U.S. crude oil futures are surging by 2.6 percent after tumbling by 2.3 percent during last Friday's trading after President Donald Trump rejected Iran's conditional proposal for reopening the Strait of Hormuz.
Iran's proposal would have purportedly reopened the strait and resumed nuclear talks in return for the U.S. lifting its blockade of Iranian ports.
A report from the Wall Street Jour...