Wall Street closed in the green again on OPEC driven demand

Wall Street was a string performer again on Wednesday with a spike in oil prices and correlated in demand driven markets with reports of an OPEC deal that could come to fruition this November and freeze production.

Oil intermarket: takes off on OPEC and S&P 500 highly correlated

With oil prices higher by over up 5% an reaching a high of $47.63bbls WTI on Wednesday, the Dow Jones Industrial Average rallied and finished up 110.94 points in the green, or 0.6%, to 18,339.24, while shares of ExxonMobil Corp. and Caterpillar Inc. leading the way and finishing up more than 4%. The S&P 500 index closed higher by 11.44 points, or 0.5%, at 2,171.37, again, with the energy sector's leading and rallying by 4.3%. The Nasdaq Composite index gained 12.84 points, or 0.3%, to close at 5,318.55.