[Reuters] – Oil prices rose about 1 percent after Venezuela said OPEC and non-OPEC producers were close to a deal to stabilize an oversupplied market. The S&P 500 energy index (.SPNY) rose 0.69 percent, recouping some losses after hitting a six-week low last Wednesday. The Fed’s two-day meeting starts on Tuesday in which policymakers will debate over the U.S. economy and its ability to absorb a rate hike.
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