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Post by bot on Oct 10, 2016 20:33:19 GMT -5
U.S. stocks close higher as oil rallies on optimism over output freeze
U.S. stocks closed higher on Monday as a rally in oil prices propelled the energy sector up more than 1%. Crude prices firmed after market-supportive comments from Saudi Arabia's energy minister Khalid al-Falih and Russian President Vladimir Putin bolstered optimism of an output freeze. The S&P 500 rose 9 points, or 0.5%, to close at 2,163. The Dow Jones Industrial Average climbed 88 points, or 0.5%, to end at 18,329 while the Nasdaq Composite Index gained 36 points, or 0.6%, to close at 5,328. November oil rose $1.54, or 3.1%, to settle at $51.35 a barrel.
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