That makes it more likely that Mr. Biden will be able to advance his policy agenda — within limits. Dow futures were up and Nasdaq futures were down as the prospect of a Democratic sweep became more likely. Given her dovish leaning, her focus will likely be on more stimulus instead,” wrote Holger Schmieding of Berenberg Bank. Riyadh will cut its target by one million barrels, while Moscow will modestly increase its target. The changes, which will ultimately lead to a reduction in the global oil supply, reflect continued tensions among top petroleum producers.

Source: International New York Times January 06, 2021 12:45 UTC