The Market On Wednesday

  Good morning. It is 31 degrees and sunny here in the Upper Hudson Valley. Area residents are looking forward to Thursday and Friday when the temperature will allegedly go up around 60 degrees. We have not seen that number in a long long time. And so welcome to April, it is April Fool's Day to boot, an important day for the young at heart jokesters.

  At 8:40 a.m. ET futures are moderately lower and the price of oil seems steady around $47.50 a barrel. The market is poised to open lower.

  The US/Iran nuke proliferation deal deadline has been bumped up to today. This is a big deal because this could mean even more oil in the global pipeline, not exactly something that is tremendously needed right now. When the deal is struck, one might expect to see the price of oil drop more and CO2 emissions to proportionately increase.

CNN: Stocks: 5 things to know before the open

Oil traders are keenly watching the talks (US/Iran nuke proliferation deal) because a final agreement could ultimately lead to a lifting of sanctions on Iran and allow the Middle Eastern nation to pump more oil to world markets.