Prices are also expected to rise on the major European stock exchanges at the opening. In Asia, stock markets moved in different directions on Monday.
Oil prices surged last week after the Iran-backed Houthi movement in Yemen launched renewed attacks on Saudi Arabia. The attacks sent oil prices to their highest levels in months. Prices have since fallen back slightly and were trading at just over $114 a barrel on Monday morning.
Interest rate announcements are expected from both the US Federal Reserve and the European Central Bank (ECB) this week. In Sweden, the Swedish Central Bank is due to announce its interest rate decision next week, on November 4.