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Correction to Crude Oil Story

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01/03/2018 | 06:22pm CEST

The Organization of the Petroleum Exporting Countries -- of which Iran is the third-largest member -- and 10 producers outside the cartel, including Russia, agreed in November to extend a deal to cut crude output by nearly 2% through the end of this year. "Iran Unrest Continues to Buoy Crude Prices" at 6:27 a.m. ET, incorrectly stated the deal was through the end of next year in the tenth paragraph. (Jan. 3, 2018)

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