Oil prices rose to their highest level since October on Tuesday as the market priced in a potential output cut led by producer cartel OPEC, although analysts warned that a failure to agree a cut could lead to a ballooning supply overhang by early 2017. International Brent crude oil futures rose as high as $49.43 per barrel early on Tuesday, their highest since Oct. 31, and they were trading at $49.33 per barrel at 0110 GMT, up 43 cents, or 0.9 percent, from their last settlement. U.S. West Texas Intermediate (WTI) crude futures were up 44 cents, or 0.9 percent, at $48.68 a barrel. The Organization of the Petroleum Exporting Countries (OPEC) is trying by Nov. 30 to bring its 14 member states and non-OPEC producer Russia to agree on […]