The Market On Thursday

  Good morning. It is 20 degrees and sunny here in the Upper Hudson Valley. We are in for a colder day as it may stay in the 20s. I did watch Tweety's interview with Kasich last night. Kasich is very much on the extreme right and what is discouraging is that he actually represents the most reasonable of all the remaining GOP candidates. The GOP is now inhabiting only extreme right wing views, the era of the moderate Republican is gone.

  At 8:50 a.m. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.

  Saudi Arabia and Russia have agreed to keep their oil production levels at present rates and now Iran has agreed to do the same. That news is boosting oil prices slightly. The US meanwhile is producing so much oil that there's no place to put it. The globe is awash in oil and this represents a significant challenge to those of us who want to see CO2 emissions restricted. That is not happening, emissions are cranking.

CNN: Stocks: 5 things to know before the open

Crude oil futures are holding around $31 per barrel after jumping on Wednesday.

Oil prices got a lift after Iran said it would support any measures to stabilize the energy markets.