U.S. stocks had a choppy session on Wednesday but ended with modest gains after oil prices stabilised. Oil futures fell in the morning after reports of rising crude inventories stoked worries of a continued supply/demand imbalance in the market, but prices recovered by the afternoon. ADP announced that the U.S. private sector added 214,000 jobs in February. Economists had expected a more modest 185,000 jobs added. The data comes ahead of Friday's official payroll and unemployment rate report.
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