Dow Jones Industrial Average hits the historical high this week. The anticipation of the new administration in the White House is pushing the stock markets. Analysts forecast 2017 to became very profitable for investors trading stocks and indexes. The most promising spheres are Finance and High Tech. Dow reacted to the oil prices coming up after November 30 and great expectations for the interest rates hike by Fed. Thanks to these two omens the world markets are considered stronger and healthier. Even the threat of terror attacks in Europe and Syrian Civil war do not spoil the forthcoming stability of the US equity markets. The analysts just look at the European problems through the global glasses, minding Asian markets and Wall Street.
Oil prices overcame $50 per barrel at the 1st of December rocketing after the long hoped-for agreement within OPEC regarding freezing and even cutoff the production. Russia and 11 exporters outside of the organization will cut their daily supplies by 558,000 barrels. So worldwide at the markets, oil supplies will decrease almost by 1.8 million barrels. Such kind of deals confirms the priority of the good sense among powerful businessmen. The good sense means they understand when to step back and give the countries like Venezuela to take a breath.
Of course, the Riyadh – and everyone knows who dictates terms and conditions in OPEC – is far from thinking about social policy and budget of those, who needs to pump hard to get more expensive oil, than in Saudi Arabia. The oil kingdom is looking for ways to return the profit from oil producing; the petrodollars form 92% of the revenue. In 2016 Saudis for the first time sells the bonds on the international market in order to avoid economic crash.

The reasons for Russians to join the club of oil production cutters are similar to Saudis ones. Moscow seeks cash for keeping the economy above the waterline. The third party performs Tehran. Iranians are satisfied with the growth of their sales at the commodities markets this year, so they do not mind the freeze of the output, because they get some special terms not to curb the production at the moment.  
So the long expecting deal pushed the prices up. Citigroup Inc. foresees $70 per barrel next year. However, in the next decade the oil will drop even lower owing to the new sources of the energy. Who cares right now? The markets appreciate the nice view at 2017 these last days of trading activity before Christmas. 

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