Markets Close Higher After OPEC Says No Cuts To Oil Ouput

The markets closed modestly higher as OPEC reassured the global community that oil production would not be cut even though supplies have grown. The Dow climbed 16 points to 11,144 while Nasdaq gained 14 points to 2,193. S&P 500 added 5 points to 1,267. The 30-year bond rose as the yield fell to 5.137%.