In a virtual meeting held on Thursday regarding the planned output increase for October, OPEC+ reportedly decided to postpone the increase to October and November, citing recent drops in crude prices to their lowest in nine months. The group also indicated that it may further pause or reverse the output hikes if necessary, Reuters reports. OPEC said, “The eight participating countries have agreed to extend their additional voluntary production cuts of 2.2 million barrels per day for two months until the end of November 2024,” The news lifted oil prices by over $1 a barrel, with Brent futures b…