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A rally in oil-and-gas shares sent European stocks to a second day of gains as OPEC agreed on a deal to cut production for the first time in eight years.
A gauge of energy producers surged the most in two months, following crude higher. OPEC will reduce output to 32.5 million barrels a day, Iran’s oil minister said in Vienna. Tullow Oil Plc jumped 13 percent to a 16-month high, while Saipem SpA rallied 9.6 percent, its biggest gain since April. The Stoxx Europe 600 Index closed 0.3 percent higher, after rising as much as 0.7 percent.