U.S. stocks opened higher on Monday, with energy shares among the biggest gainers of the day after Saudi Arabia and Russia called for an extension to OPEC’s production-cut deal. The Dow Jones Industrial Average rose 30 points, or 0.1%, to 20,931. The S&P 500 rose 2 points to 2,393, a rise of 0.1%. The Nasdaq Composite Index added 7 points to 6,128, a rise of 0.1%. Both the S&P and the Nasdaq were within striking distance of new intraday records. The energy sector spiked 1.5%, rising alongside a 3% gain in the price of crude oil. An extended production-cut deal is seen as supportive for crude prices by limiting supply. Among the most active oil names of the day, Hess Corp. surged 3.4% while Marathon Oil Corp. climbed 4.5%.
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