Saudi Arabia extends cut in oil it sends to the world in bid to boost prices

Saudi Arabia extends oil production cut; concerns over oversupply persist; US gas prices remain low; Brazil to join OPEC+; quotas set for Angola, Congo, and Nigeria; Russia's voluntary cut continues; Saudi Arabia seeks higher oil prices for planned spending goals; US oil production hits records; Saudi Arabia balancing supply limits and market share; Israel-Hamas conflict has no material impact on oil supply; Biden prioritizes supply chain improvement and price reduction.