Shares ofTransocean LTD (NYSE:RIG) traded lower on Monday following an OPEC+ decision to extend deep oil output cuts until 2025. What To Know: The Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, aims to address concerns over tepid demand growth, high interest rates and rising U.S. production. According toReuters, Brent crude oil prices have remained below budgetary requirements for many OPEC+ members, trading near $80 per barrel. The extension includes maintaining current cuts of 5.86 million barrels per day (bpd), with 3.66 million bpd set to expire…