Wall Street opens higher as oil prices extend gains

REUTERS - U.S. stocks opened higher on Monday as oil prices jumped 5 percent, pointing to an uptick in investors' risk appetite.

The Dow Jones industrial average rose 95.81 points, or 0.58 percent, to 16,487.8, the S&P 500 gained 13.52 points, or 0.7 percent, to 1,931.3 and the Nasdaq Composite index added 42.98 points, or 0.95 percent, to 4,547.41.

(Reporting by Tanya Agrawal; Editing by Saumyadeb Chakrabarty)