Wall Street opens higher as oil recovers some losses

U.S. stocks opened higher on Wednesday as oil prices rose after two straight days of losses and data showed that the private sector added more jobs than expected in the United States. Oil prices pared some losses after Russia reiterated its openness to talking with OPEC about output cuts, which helped revive hope among investors that the world's largest producers could act to boost prices. Shares of oil majors Exxon and Chevron were up about 1 percent.