BP

Wall Street surged last week for its stronger 5-day showing in more than a year. The outlook for today seems considerably less optimistic as investors mull over U.S. industrial data.

Markets jumped during the morning Friday, though their gains were relatively weak when compared to yesterday. In other news, according to Reuters, oil prices are on the rise once again and set to end the week nearly 4 percent higher.

According to CNNMoney.com, markets in the U.S. are poised to carry over that negative performance into a lackluster morning. Investors seem unwilling to push for more trade volume before housing data is released later in the day.

According to Reuters, index futures were little changed coming into the opening bell Friday morning, meaning markets may be flat for much of the morning. One factor that could lead to weak trading is an indication that slowing global economic growth could create a lag in oil demand.