U.S. stock index futures pointed to a sharp slide on Wall Street on Monday as a resurgent U.S. dollar drove a pullback in the prices of oil and other commodities.

* Shares of energy, mining and other natural resource companies were likely to be among the top drags.

* A decline on Wall Street would extend a global selloff that tripped equity markets in Asia overnight and had European stocks falling about 2 percent or more as the appetite for riskier assets ebbed.

* We have a stronger dollar and that's putting pressure on commodities, and that's weighing on the market early on, said Peter Cardillo, chief market economist at Avalon Partners in New York.

* S&P 500 futures slipped 11 points, and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures shed 98 points, while Nasdaq 100 futures declined 14.50 points.

* U.S. front-month crude declined 95 cents, or 1.3 percent, to $71.09 a barrel, but traders kept a close watch on OPEC member Iran, where contested election results sparked a weekend of violent protests.

* The dollar rose broadly, boosted by comments from Russia's finance minister expressing confidence in the U.S. currency, and as investors continued to take profits on other currencies that climbed sharply early last week.

* On Friday, the Dow Jones industrial average <.DJI> swung into positive territory for the year for the first time since early January, bolstered by defensive sectors like pharmaceuticals, while a disappointing outlook from National Semiconductor weighed on technology stocks.

(Editing by Padraic Cassidy)

Investment Energy