Toronto stocks reversed a three-day losing streak and ended higher on Wednesday as energy shares were lifted by an oil-price rally and materials issues rose.

The S&P/TSX composite index closed up 78.04 points, or 0.57%, at 13,741.92, recovering from a 128.6-point fall earlier in the day.

The benchmark index had shed more than 430 points in the previous three sessions.

All but one of the 10 TSX main groups advanced, led by a 0.7% jump in the energy sector and a 0.9% rise in the materials group.

The energy sector got a boost from a rise in U.S. oil, up $1.20 to US$68.97 a barrel, after a U.S. government report showed a surprise drop in fuel inventories, renewing concern about supply during the peak summer driving season.

Suncor Energy added 62¢, or 0.7%, to $93.25, while EnCana climbed $1.05, or 1.6%, to $66.43.

Materials shares rose despite weakness in gold and some base metals prices, including copper. Goldcorp rose 41¢, or 1.7%, to $25.30, while Teck Cominco climbed 64¢, or 1.4%, to $45.94.

The junior S&P/TSX Venture composite index rose 1,506.34 points, or 0.33%, to end at 3,129.86.

In New York, U.S. markets rallied, ending a three-day slide, ahead of tomorrow’s decision on interest rates from the Federal Reserve Board. The Fed is widely expected to leave the fed funds rate unchanged.

The Dow Jones industrial average was up 90.07 points, or 0.68%, at 13,427.73. The S&P 500 was up 13.45 points, or 0.90%, at 1,506.34. The Nasdaq composite index was up 31.19 points, or 1.21%, at 2,605.35.