VIENNA (AP) – The Latest on OPEC’s talks on extending its production cut agreement (all times local):
6:10 p.m.
OPEC and other oil-producing nations have extended their output cuts for an additional nine months in an effort to shore up prices.
The decision, made Thursday at a high-level meeting of OPEC and non-OPEC ministers, means that the reductions of 1.8 million barrels a day agreed on in November will stay in place until March.
But any uptick in prices may be modest and temporary.