Inflationary Pressure due to Higher Oil Prices Weighed on Equities

OPEC's deal to cut output continues to drive oil prices higher, sending both crude oil benchmarks above US$50/bbl. Energy shares also strengthened, but the broader stock indices were mixed. US dollar remained firmed and Treasury yields climbed further higher.

Read the rest here:
Inflationary Pressure due to Higher Oil Prices Weighed on Equities