Wall Street Opens Higher on Oil Reserve Release Talks, Soft Jobs Data

U.S. equities are set to open higher as European discussions on acceding to U.S. demands to release oil and diesel reserves pressured Brent crude down 2.6%, and weaker-than-expected U.S. employment data eased rate-hike concerns. The development signals a potential coordinated supply response that could lower energy prices, while softer labor data may delay Fed tightening.