OPEC leaning toward extesion of oil supply cut for 9 more months - Reuters

"OPEC is leaning toward extending a deal with Russia and other non-members to cut oil supply for a further nine months, four OPEC sources said," Reuters reported in a recent article.

Key quotes (via Reuters):

• If demand growth is performing very well, then the decision might be postponed till early next year.
• But there is still a big chance for it to be taken in November.
• If a decision is not announced in November, OPEC and its allies could meet in early 2018.
• Usually, OPEC holds each year’s first policy-setting meeting in May or June.