U.S. equities closed higher on Monday, led by energy stocks, as oil prices rose on renewed optimism that OPEC was closing in on a deal to cut production.

“I don’t know if it will happen, but the market certainly hopes that it will,” said Robert Pavlik, chief market strategist at Boston Private Wealth, referring to a possible OPEC deal.

The three major indexes closed at record highs simultaneously for the first time since this past summer. The Dow Jones industrial average rose around 88 points, surpassing previous closing and intraday records of 18,923.06 and 18,934.05, respectively.

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