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Analyst commentary: "For now, we still expect to see OPEC+ members remain in favor of keeping oil markets tight, taking advantage of the elevated prices to improve fiscal accounts," said Edward Bell, senior director of market economics at Emirates NBD. Oil importers also can't do much to force OPEC's hand and the U.S. call for OPEC countries to pump more oil also contradicts its purported aim to lead globally in climate change policy. As a result, "we remain of the view that oil prices will stay high until the end of 2021 and likely bleed into the early parts of next year." Download Seeking Alpha for your Phone or Tablet
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Today's Markets
In Asia, Japan +0.9%. Hong Kong +0.8%. China +0.8%. India closed.
In Europe, at midday, London flat. Paris +0.4%. Frankfurt +0.5%.
Futures at 6:20, Dow flat. S&P +0.2%. Nasdaq +0.5%. Crude +1.9% at $82.37. Gold +0.9% at $1779.70. Bitcoin -1.9% at $61925.
Ten-year Treasury Yield unchanged at 1.57%
In Europe, at midday, London flat. Paris +0.4%. Frankfurt +0.5%.
Futures at 6:20, Dow flat. S&P +0.2%. Nasdaq +0.5%. Crude +1.9% at $82.37. Gold +0.9% at $1779.70. Bitcoin -1.9% at $61925.
Ten-year Treasury Yield unchanged at 1.57%
Today's Economic Calendar
What else is happening...
Cathie Wood backtracks her steps on Zillow (NASDAQ:Z) and dumps shares.
Qualcomm (NASDAQ:QCOM) surges on strong holiday quarter demand outlook.
Roku (NASDAQ:ROKU) slides amid slower player sales, light Q4 guidance.
Deere (NYSE:DE) digs in, says rejected labor deal is 'best and final' offer.
MGM Resorts (NYSE:MGM) plans to sell Mirage casino in Las Vegas.
Fastly (NYSE:FSLY) shares climb 5% on strong revenue report and outlook.
Fisker (NYSE:FSR) on track for first vehicle launch at end of 2022.
Hertz (OTCPK:HTZZ) want to return to the Nasdaq, files secondary offering.
Trendy debut... Sneaker maker Allbirds (NASDAQ:BIRD) flies in IPO.
Qualcomm (NASDAQ:QCOM) surges on strong holiday quarter demand outlook.
Roku (NASDAQ:ROKU) slides amid slower player sales, light Q4 guidance.
Deere (NYSE:DE) digs in, says rejected labor deal is 'best and final' offer.
MGM Resorts (NYSE:MGM) plans to sell Mirage casino in Las Vegas.
Fastly (NYSE:FSLY) shares climb 5% on strong revenue report and outlook.
Fisker (NYSE:FSR) on track for first vehicle launch at end of 2022.
Hertz (OTCPK:HTZZ) want to return to the Nasdaq, files secondary offering.
Trendy debut... Sneaker maker Allbirds (NASDAQ:BIRD) flies in IPO.


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