Nov 6 (Reuters) - Australian shares are expected to edge higher on Monday, after oil prices touched a two-year high in the previous session and Wall Street moved higher.
Oil prices rose on Friday, strengthening after U.S. rig data suggested drilling in the United States would throttle back. O/R
The local share price index futures YAPcm1 rose 0.26 percent, or 16 points, to 5,955, a 4.9-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.5 percent on Friday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.057 percent in early trade.