Oil prices pared gains on Monday after worries about oversupply persisted, pulling back from an early rally as OPEC extended supply cuts until March 2020 during a meeting in Vienna. The Organization of the Petroleum Exporting Countries agreed on Monday to extend oil supply cuts until March 2020, three OPEC sources said, as the group’s members overcame their differences in order to prop up the price of crude amid a weakening global economy and soaring U.S. production. OPEC is slated to meet with Russia and other producers, an alliance known as OPEC+, on Tuesday to discuss supply cuts amid surging U.S. output. Brent crude futures for September delivery settled up 32 cents a barrel at $65.06. During the session, they touched an intraday high of $66.75. The August delivery contract closed at $66.55 a barrel on Friday. U.S. crude futures for August climbed 62 cents […]