NEW YORK (CNNMoney.com) -- Stocks looked poise to get a lift from oil prices falling below $60 a barrel Monday.

S&P and Nasdaq futures rose, indicating a higher start for Wall Street, after U.S. light crude sank below $60 for the first time since late March.

Oil prices fell on news that BP (Charts) moves up plans to restart production from the Prudhoe Bay field, as well as a report that Iran is prepared to talk about its nuclear program. U.S. light crude lost 86 cents to $59.69 a barrel in electronic trading, while Brent crude traded in London dropped 93 cents to $59.48. The last time oil dipped below $60 was March 21.

Stocks could take a hit from the latest reading of the slowdown in real estate, with home sales numbers due shortly after the market opens. Economists surveyed by Briefing.com forecast that sales of existing homes fell to an annual rate of 6.25 million in August from 6.33 million.