West Texas Intermediate traded near the highest price in almost two weeks after OPEC’s secretary general said the group may cut crude-output targets next year. Brent was steady in London . Futures were little changed in New York after advancing 2.1 percent yesterday. The Organization of Petroleum Exporting Countries’ daily output target may fall by 500,000 barrels to 29.5 million barrels in 2015, Abdalla El-Badri said yesterday at OPEC’s secretariat in Vienna. U.S. crude inventories probably declined last week, according to a Bloomberg survey before data today. WTI for October delivery was at $94.61 a barrel in electronic trading on the New York Mercantile Exchange , down 27 cents at 8:59 a.m. London time. The contract gained $1.96 to $94.88 yesterday, the highest close since Sept. 3. The volume of all futures traded was about 25 percent more than the 100-day average for the time of day. Prices have […]