North American stocks may open mixed Tuesday as U.S. traders return from a three-day holiday weekend.

Oil prices rose while key European indexes were down in early action.

Light sweet crude was up 36¢ at US$53.05 a barrel in electronic trading on the New York Mercantile Exchange at midday in Europe.

The Canadian dollar opened at US85.79¢, up 0.08 of a cent.

The Bank of Canada is scheduled to make an interest rate announcement at 9 a.m. ET, with most observers saying it will stand pat on rates.

In earnings news, Wells Fargo said its net income rose 13% and revenue was up 11% in the fourth quarter due to strong loan growth.

Intel Corp., the world’s top chip maker, will report its quarterly results after the close of trade.

Overseas, Tokyo’s Nikkei 225 index fell 7.46 points, or 0.04%, to finish at 17,202.46 after rising for two straight sessions.

In Hong Kong, the blue-chip Hang Seng Index fell 40.61 points, or 0.2%, to close at 20,027.95.

Toronto stocks moved ahead Monday, as a strong energy sector led gains across the broader market. In the U.S., markets were closed in observance of Martin Luther King Jr. Day.

The S&P/TSX composite index gained 76.55, or 0.60%, to 12,755.36. Volume was much lower than usual with a lower than usual only 195.7 million shares changing hands.

Nine of the 10 TSX main sub-groups were up, with the energy sector improving 1.66%.

The S&P TSX Venture Exchange shot ahead 44.21, or 1.55%, to 1,892.23.