VIENNA — Eight members of the Organization of the Petroleum Exporting Countries Plus (OPEC+) group of oil-producing nations agreed on Thursday to extend their voluntary supply cuts until the end of November, postponing a planned output increase amid falling crude prices.
Concerns about slowing demand in China and the United States have weighed on oil prices recently, with benchmark West Texas Intermediate plunging below $70 a barrel for the first time in 13 months.
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