Major US equity indices opened higher on Friday, with the blue-chip Dow Jones Industrial Average (DJIA) aiming to snap eight consecutive days of losing streak. In absence of any significant developments in the US-China trade rhetoric, surging crude oil prices boosted energy stocks and was seen supportive of the early positive trading sentiment. OPEC members and other key oil producers gathered in Vienna to discuss the future of an output-cut pact that has been in place since January 2017. According to the official announcement, the cartel and its allies agreed to increase output, which would result in the real rise in production by 600k barrels per day. The figure came as a relief to bullish traders who were looking for a more aggressive increase and triggered a sharp rally in oil prices. Meanwhile, tech-heavy Nasdaq Composite Index underperformed the broader markets and reversed early gains to turn lower for the day. A sharp fall in shares of Red Hat, following a weaker than expected quarterly outlook, was seen weighing on the technology sector. Nevertheless, all the three major indices remain on track for weekly declines of anywhere between 0.5% and 1.5%, primarily on the back of intensifying trade-related worries. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple price analysis: XRP/USD comes tumbling down below $0.50; it’s a sellers’ field day FX Street 5 years Major US equity indices opened higher on Friday, with the blue-chip Dow Jones Industrial Average (DJIA) aiming to snap eight consecutive days of losing streak. In absence of any significant developments in the US-China trade rhetoric, surging crude oil prices boosted energy stocks and was seen supportive of the early positive trading sentiment. OPEC members and other key oil producers gathered in Vienna to discuss the future of an output-cut pact that has been in place since January 2017. According to the official announcement, the cartel and its allies agreed to increase output, which would result in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.