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Here's Why Williams Cos. (WMB) Stock Surged Today

NEW YORK (TheStreet) -- Williams Cos. (WMB - Get Report) stock closed up by 5.05% to $17.06 on heavy trading volume today as oil prices surged to a four-month high ahead of next Sunday's meeting of oil producers in Doha.

So far, 15 major oil producers have officially confirmed that they will meet next week to discuss a coordinated output freeze. Reuters reports.

Investors are hoping that the meeting will support crude prices that have been weighed on by the global supply glut, but some analysts warn that the meeting's outcome could ultimately be negative for the market.

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