WDO:CC - Futures Little Changed After Best Week of the Year

U.S. equity futures were mixed on Monday after a broad-based rally that pushed the S&P 500 to its best week since March and its highest level since August.

Futures for the Dow Jones Industrials advanced 16 points, or 0.1%, to 33,834.

Futures for the S&P 500 eked up 1.25 points to 4,289.25.

Futures for the NASDAQ Composite dipped 23.25 points, or 0.2%, to 14,552.25.

Oil prices briefly climbed more than 1% after Saudi Arabia announced it would further cut output by one million barrels per day starting in July.

The news followed a meeting of OPEC and its allies, during which the group decided to stick to existing 2023 production targets.

In Japan, the Nikkei 225 vaulted 2.2% Monday to its highest peak since 1990, while in Hong Kong, the Hang Seng index hiked 0.8%.

Oil prices took on $1.73 to $73.47 U.S. a barrel.

Gold prices sank $14.60 to $1,955. U.S. an ounce.