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OPEC committee backs cut extension until end-2018 with June review

A dump OPEC and non-OPEC technical committee recommended extending global omits in oil supply until the end of next year, with an option to review the lot in June, two sources with knowledge of the matter said on Tuesday.

The Society of the Petroleum Exporting Countries, non-member Russia and nine other makers are cutting oil output by about 1.8 million barrels per day until Walk 2018. OPEC will discuss extending the deal at a Nov. 30 convocation in Vienna.

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