Saudi Arabia extends 1 million-barrel-a-day oil production cut through December

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William Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C.

Saudi Arabia on Sunday confirmed it would extend a production cut of 1 million barrels a day, which first took effect in July, through the end of December.

Russia on Sunday reportedly said it would also extend a cut of 300,000 barrels a day through the end of December.

 

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