June S&P 500 futures (ESM23) are up +0.01%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.25% this morning as market participants digested the U.S. debt ceiling agreement, while U.S. Treasury yields climbed following a robust May jobs report.
Saudi Arabia said Sunday it would make an additional voluntary cut of 1M barrels per day of crude oil starting in July, taking its production to the lowest level for several years. The rest of the OPEC+ oil producers agreed to extend earlier cuts in supply until the end of 2024. On the ground of this, oil prices rose by more than +2% on Monday.
