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Good morning. Oil rallies on extended supply curbs, Arm to raise less than expected in its upcoming IPO and companies around the world rush to debt markets. Here’s what people are talking about.

Oil held near the highest since November after OPEC+ leaders Saudi Arabia and Russia announced that they would extend supply curbs through the end of the year, tightening the global market. West Texas Intermediate traded near $87 a barrel after the twin announcements on Tuesday, which drove a 1.3% gain. While traders had anticipated the volume of the cuts, the duration was unexpected. The strategy from Riyadh and Moscow will help to drain inventories further, providing upward pressure for prices.