Oil Prices Firmed as Saudi Pledges to Produce Below Quota in 1Q18

27 February 2018 27 February 2018

emiliex967620144

The decline in Treasury yields continued to make way for the rebound in equities as well as other risk assets, including oil prices. Wall Street firmed with DJIA and S&P 500 indices adding +1.58% and +1.18% respectively. US dollar also strengthened modestly against major currencies with the exception of Aussie and kiwi. The DXY index, however, ended the day lower, by -0.03%.