OPEC Close to Agreement to Extend Oil-Supply Cuts for 9 Months

OPEC and its allies were close to an agreement to extend their oil-production cuts for another nine months as they seek to prop up prices and revive their economies. While ministers gathering in Vienna still planned to discuss other options -- a shorter deal for six months or curbs lasting for the whole of next year -- consensus was building around an agreement that runs through March 2018.