Oil Extends Gains as OPEC Prolongs Production Curbs Through 2018 - Bloomberg:
"Oil extended gains following a third monthly advance after OPEC and Russia agreed to prolong production cuts through to the end of 2018 in their fight against a global supply glut.
Futures added 0.6 percent in New York after rising 0.2 percent Thursday. The nine-month extension was strengthened with the inclusion of Nigeria and Libya, two OPEC members originally exempted from the curbs. Oil stockpiles in developed countries are still 150 million barrels above a five-year average leaving OPEC and its allies with more work to do, Saudi Arabia Energy Minister Khalid Al-Falih said Thursday."
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