| Energy ETFs rebounded Wednesday on reports that major world oil producers may be in accord on cutting output. The news built up hopes for a floor under crude prices, which have crumbled over the past year amid a persistent supply glut.
Oil prices jumped after major world oil producers were said to have reached an agreement to reduce oil production for the first time since 2008. The OPEC (Organization of the Petroleum Exporting Countries) deal will not be formalized until November..........................................Full Article: Source
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