The Globe and Mail reports in its Friday edition that the S&P/TSX Composite Index ended up 2.7 points at 20,116.66, marking its second straight day of modest gains. A Reuters dispatch to The Globe says that trading activity was lighter than usual with U.S. markets closed for the Thanksgiving Day holiday. Industrials added 0.5 per cent, while the energy sector was up 0.3 per cent, even as the price of oil fell nearly 1 per cent to $76.35 (U.S.) a barrel. It extended losses on expectations that OPEC+ might not deepen output cuts next year after the producer group Wednesday postponed its policy meeting to Nov. 30. Producers were struggling to agree on output levels ahead of the meeting originally set for Nov. 26, OPEC+ sources said, suggesting that the disagreement was largely linked to African nations. OPEC+ members Angola and Nigeria are aiming for higher oil output. "We think Nigeria can be assuaged as the leadership values its longstanding OPEC membership and improving ties with Saudi Arabia," RBC analyst Helima Croft said. "However, it may be more difficult to bridge the gap with Angola." Empire Company shares decline 3.5 per cent after a National Bank downgrade. Toronto is up 6.5 per cent so far this month.