Reuters report

It's been reported 5 times already.

There was a separate report saying they had discussed an option for another 3 month extension but that wasn't supported.

Oil is a funny market. Even though this should have already been priced in, it's moving higher and now at $51.16 after trading at $50.50 a few hours ago.

Update: Kuwait's oil minister is now on the wires confirming a 9-month extension with Iran, Nigeria and Libya retaining the same conditions.