Nov 29 (Reuters) - Canada's main stock index rose on Thursday, as oil prices reversed course to trade higher, resulting in gains in energy shares.
* The energy sector .SPTTEN increased 1 percent, on track to snap a four-day losing streak. Oil prices rose after industry sources said Russia had accepted the need to cut production, along with OPEC members. O/R
* U.S. crude CLc1 prices were up 1.6 percent and Brent crude LCOc1 added 1 percent.
* At 9:38 a.m. ET (1438 GMT), the Toronto Stock Exchange's S&P/TSX Composite Index .GSPTSE was up 33.92 points, or 0.22 percent, at 15,205.17.
* A recent drop in U.S. crude prices has had a negative impact on Canada's oil patch with the energy sector down more than 26 percent during the year.
* Also lifting sentiment in Canada's commodity-linked stock market was a 0.6 percent rise in the materials sector .GSPTTMT .
* Gold rose after U.S. Federal Reserve Chair Jerome Powell's comments boosted perceptions the central bank would go slow on interest rate hikes next year. GOL/
* Data showed that Canada's current account deficit narrowed in the third quarter from the second quarter, on lower deficits on goods, services and investment income. On the TSX, 149 issues were higher, while 83 issues declined for a 1.80-to-1 ratio favouring gainers, with traded volumes touching 12.10 million shares.
* Leading gains on the TSX were shares of miners. Lundin Mining Corp LUN.TO jumped 7.4 percent, followed by Guyana Goldfields Inc GUY.TO , which rose 5.5 percent.
* Precision Drilling Corp PD.TO fell 3.1 percent, the most on the TSX, followed by Aphria Inc APHA.TO , down 3 percent.
* The most heavily traded shares by volume were Bombardier Inc BBDb.TO , Aurora Cannabis ACB.TO and Lundin Mining.
* The TSX posted one new 52-week high and four new lows.
* Across all Canadian issues, there were three new 52-week highs and 12 new lows, with total volume touching 19.26 million shares.