5 things to know before the stock market opens Monday

As geopolitical tensions in the Middle East and concerns about the demand impact of the omicron virus variant eased, oil climbed.

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Yemen's Houthi fighters claimed to have launched drone strikes on the United Arab Emirates -- the third biggest OPEC producer -- that caused an explosion and fire on the outskirts of the capital Abu Dhabi, leaving three people dead. Futures in New York rose 0.5% from Friday to close above $84 a barrel. There was no settlement Monday due to Martin Luther King Jr. Day.

Crude has made a red-hot start to the year on stronger than expected demand that has helped to tighten the market. A portion of the oil complex is showing strength, from diesel to jet fuel, which is soaring in Europe as global air travel withstands the impact of omicrons.

One of the biggest attacks on UAE soil has ignited a fire at Abu Dhabi's main international airport on Monday and set fuel tanker trucks ablaze in a nearby industrial area. It took place days after the Iranian-backed Houthi fighters warned Abu Dhabi against intensifying its air campaign against them.

None A $13 Billion Bet That Air Travel Will Soon Take Off is a $13 billion bet that Air Travel Will Soon Take Off

Big Banks Fight Back in Washington, where Fintech Eats Into Profits, Big Banks Fight Back Into Profits.

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It is the Economy, Stupide, not for Macron and France.