Commodities

The Latest: OPEC, allies extend oil output cuts through 2018

The Latest on OPEC's meeting about oil production (all times local): 7:10 p.m. OPEC oil ministers and their non-OPEC partners have agreed to extend crude output cuts until the end of next year in efforts to keep supplies tight and bolster prices.

Business Highlights

___ Yellen suggests a continuation of gradual rate hikes WASHINGTON (AP) — Federal Reserve Chair Janet Yellen says the Fed expects to continue raising interest rates gradually.

Business Highlights

___ Tax bill advances, final Senate vote uncertain WASHINGTON (AP) — A key Senate committee advanced a sweeping tax package to the full Senate on Tuesday, handing Republican leaders a victory as they try to pass the nation's first tax overhaul in 31 years.

Oil prices slip on OPEC deal extension jitters

Oil prices eased on Tuesday, weighed down by uncertainty over the outcome of an OPEC meeting this week at which an extension to its price-supporting oil output cuts will be discussed.