Kim Kahn

With markets closed over the weekend, money is likely to be hectic on Wall Street, and oil is the first place traders will look.

Polymarket has a 93% chance of WTI crude moving higher on Monday, not surprisingly, and a 77% chance that it will be above $80 per barrel at the end of March.

That's up 27 percentage points from before the weekend, and would be a gain of more than 19% from where it sits now at $67.02.

There's also a 50% chance that crude is above $90 a barrel on the final trading day of the month.

Separately, OPEC Plus has agreed to raise output by 206,000 barrels per day in April.

That's larger than the 1.37 monthly boost announced late last year, but small relative to potential disruptions in the Middle East.

Crypto markets also offered a weekend tell.

Tokens backed by physical gold implied that gold would open higher, with prices up roughly 1-2% versus Friday's close.

And regional markets reacted quickly.

Saudi Arabia dropped 2.2%, its steepest one-day fall since April, wiping out its gains for the year.

Losses were tempered by a rise in Saudi Aramco, though.

And Egypt's main stock gauge fell 2.5%.

Looking to the week ahead, the February jobs report is due Friday.

Economists expect non-farm payrolls rose by about 60,000, with the unemployment rate holding steady at 4.3%.

Wells Fargo economists say that while some stabilization in demand for workers is evident, a range of indicators, including jolts and the consumers' perceptions of job availability, still point to a gradual loosening in the labor market conditions rather than renewed acceleration in hiring.

The earnings calendar is thinning out, with 10 S&P 500 companies reporting this week.

Highlights include CrowdStrike on Tuesday, Broadcom on Wednesday, and Costco and Alibaba on Thursday.

Also in the news this weekend, OpenAI said it does not believe that rival Anthropic should be designated a supply chain risk by the U.S.

government, even as OpenAI announced its own agreement with the Pentagon to deploy advanced AI systems in classified environments.

On Friday, President Trump said government agencies should not use Anthropic amid a standoff between the company and the DoD over surveillance and the use of AI in fully autonomous weapons.