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This Article is From Dec 02, 2016

Oil Industry Separates From S&P Pack After OPEC Deal: Chart

Oil Industry Separates From S&P Pack After OPEC Deal: Chart

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(Bloomberg) -- After riding a roller-coaster for much of November, U.S. oil producers and service companies hit the jackpot Wednesday with OPEC's deal to cut output, picking up more than $81 billion in market value. The S&P 500 Energy Index jumped 4.8 percent during the session, after sinking 2.8 percent in the previous three sessions as a deal appeared in jeopardy.

To contact the reporter on this story: David Marino in New York at dmarino4@bloomberg.net. To contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, Jim Efstathiou Jr.

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