Brent crude traded near the highest closing price in seven sessions amid signs that Iran will seek an output cut at OPEC’s meeting this week. West Texas Intermediate was steady in New York . Futures climbed as much as 0.6 percent before paring gains to trade little changed in London. Iranian Oil Minister Bijan Namdar Zanganeh may propose that the Organization of Petroleum Exporting Countries trim supply by 1 million barrels a day when he meets with Saudi Arabia ’s Ali Al-Naimi before the group gathers on Nov. 27, according to Iran’s state-run Mehr News agency. There’s a 60 percent chance that the exporters’ group will cut production by 1 million to 1.5 million barrels a day, according to Societe Generale SA. Oil is trading in a bear market as the U.S. pumps at the fastest rate in more than three decades amid signs of weakening demand. Leading OPEC […]