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US Stocks Trade Near Record High as Oil Prices Surge, Bonds Drop

December, 28 2016

$Economic news$

US stocks traded within its record highs in the midst of low market liquidity after oil prices clocked in its longest gain streak within a four-month period. Meanwhile, US treasuries dropped following a weakening in the demand in a two-year notes auction. The rise in oil prices for the seventh straight day is a response to anticipation from majority of market players that the recent production cuts from both non-OPEC and OPEC member nations will be vital in the reduction of a supply surplus.

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US Stocks Trade Near Record High as Oil Prices Surge, Bonds Drop

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