Oil Output Cuts May Extend To End of Year – 4 October, 2017

OPEC’s pact to cut oil output by 1.8 billion barrels per day could extend until the end of 2018 instead of ending in March in order to continue boosting prices. Brent crude were at $55.89 per barrel, up by 9 cents to 0.16 percent, while West Texas Intermediate were down 1 cent to $49.97 per barrel.