OPEC+ members decide to postpone production increase until April, keeping oil prices stable.

• Until April 2025, eight OPEC+ members will maintain production cuts of 2.2 million barrels per day, according to two delegate sources who spoke to CNBC.
• The cuts were originally supposed to start phasing out in December.

On Thursday, oil prices remained unchanged, as OPEC+ members decided to postpone their plans to increase production.

At 8:26 a.m. ET, U.S. crude oil decreased by 2 cents, or 0.03%, to $68.52 per barrel. Meanwhile, Brent crude futures also decreased by 4 cents, or 0.06%, to $72.27 per barrel.

Until April 2025, eight OPEC+ members will maintain production cuts of 2.2 million barrels per day, according to two delegate sources who informed CNBC. The cuts were initially scheduled to begin phasing out in December.