At 9:20 a.m. ET the DOW is +49 and the price of oil per barrel is down. The market is poised to open moderately higher.
OPEC is releasing data on their alleged cut in oil production. Good numbers for investors, meaning they actually cut production, will send oil higher, or, not. The DOW continues to barrel on, raising the bar as the Trump rally continues, for now.
CNN: Stocks push for new records; Oil in focus; Vote on Trump's money man by Alanna Petroff
OPEC and other major producers agreed to slash oil production late last year and it looks like they're sticking to the plan. Last week, the International Energy Agency announced the cartel was 90% in compliance.
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