NEW YORK — Oil prices and energy companies rallied Friday after OPEC said it will produce more oil, but not as much as investors feared. While trade tensions remained in the headlines, U.S. stocks finished slightly higher at the end of a bumpy week.
U.S. crude futures jumped 4.6 percent after OPEC nations agreed to produce about 1 million additional barrels of oil per day. Investors have expected an increase in production for weeks and many of them thought a bigger boost was coming, which would have sent prices lower. Health care and household goods companies also rose while technology companies and banks fell. The Dow Jones Industrial Average broke an eight-day losing streak.
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