U.S. stock futures gave up a lead and turned lower on Monday in a shortened session of trading, as oil prices began to push deeper into negative territory. Up over 100 points earlier in Europe’s session, Dow Jones Industrial Average futures eased 20 points to 15,888, while S&P 500 futures slipped 5.5 points to 1,869.75. Nasdaq 100 futures fell 5.25 points, or 0.3%, to 4,136. U.S. stock and bond markets are closed Monday for the Martin Luther King Jr. holiday. Stock futures contracts will trade until 1 p.m. Eastern Time. Oil prices were under pressure on Monday as the market began bracing for an influx of Iranian oil after the removal of sanctions on the country. Oil prices fell sharply in Asia, then bounced around in Europe’s open. U.S. crude oil was last hovering at $30 a barrel, off about 31 cents, or 1%, while Brent crude traded around $28.69 a barrel, down 24 cents, or 0.8%.
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