Energy in America

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.

Turkish-Iranian gold trader pleads guilty, set to testify

Jurors are set to hear opening statements in the criminal trial of a Turkish bank executive, while questions are swirling about his onetime co-defendant, a wealthy Turkish-Iranian gold trader whose arrest caused a diplomatic stir.