OPEC+ Meeting Concludes With Support For Cut Extension

OPEC+’s technical meeting finished on Monday with widespread support for a three-month extension of the current level of oil production cuts, sources told Reuters on Monday. OPEC sources hinted last week that many members were in support of extending the production cuts that were supposed to ease 2.0 million bpd in January, to 5.7 million bpd. Other members were in favor of even more drastic measures, which included cutting deeper come January. While the agreement of the group to keep at it seems to have the support of most members of the…