Dow Futures Inch Up as Oil Prices Jump

Dow Futures Inch Up as Oil Prices Jump



Crude oil prices gain on surprise Saudi-led production cut

Stock futures traded mixed Monday, while oil prices bounced after Saudi-led crude producers announced a surprise production cut over the weekend, saying they would reduce output by over a million barrels per day from May.

“This comes at a time when the fight on inflation is not over. If inflation from energy prices starts to rebound again, that won’t be a good scenario for central banks,” said Luc Filip, head of investments at SYZ Private Banking.

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