U.S. Stocks Open Higher Monday as Oil Prices Continue to Climb

U.S. stocks opened sharply higher to begin the new trading week, as oil prices recovered. Oil got a bounce after the International Energy Agency said the U.S. will lead the world in oil production in five years, after the market rebalances following the oil glut that's kept prices depressed. Shares of Lumber Liquidators (LL) opened down 20% after the CDC said people exposed to certain types of the company’s laminate flooring were three times more likely to get cancer than the agency previously reported. Allergan (AGN) opened higher after the company reported better than expected results. Fitbit (FIT) will report earnings later today. Investors will see if the results will help the stock, which has fallen sharply over the last few months. TheStreet's Rhonda Schaffler reports from Wall Street.