A crude oil rally Wednesday helped Wall Street rally to erase all losses endured in a selloff a day earlier. Crude closed at a three-month high in spitting distance of the psychologically important $50 a barrel level. The energy sector was the best performer on markets. Oil majors including Exxon Mobil (XOM) , Chevron (CVX) , Royal Dutch Shell (RDS.A) and PetroChina (PTR) each posted solid gains. Netflix (NFLX) jumped after signing a deal to screen its original movies at iPic Entertainment locations at the same time they launch on the streaming platform. Shares climbed earlier in the week on reports Disney (DIS) was contemplating an acquisition offer. Government consulting firm Booz Allen Hamilton (BAH) fell on reports the FBI had arrested an NSA contractor in August over a potential leak of classified materials. The contractor worked for the consulting firm. TheStreet's Keris Lahiff has details from Wall Street.
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