Crude futures rebounded in Asia, though sentiment remains bearish that the Organization of the Petroleum Exporting Countries will deliver an agreement later today on production cuts. An OPEC deal would be aimed at cutting into a global oversupply of oil that has severely depressed prices since 2014. A proposal would have the group cut production by more than a million barrels a day, which represents about 1% of the global oil supply. Goldman Sachs says if OPEC reaches an accord on production, prices could rise to the low-$50-a-barrel range. If no deal is reached, oil prices could plunge below $40 a barrel. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January recently traded at $45.51 a barrel, up $0.28 in the Globex electronic session. January Brent crude on London’s ICE Futures exchange rose $0.44 […]