Oil traders and analysts grew more confident that OPEC will reach a deal to curb global oversupply next week as delegates said talks on assigning quotas to individual countries made good progress. Today’s discussions went well, Libyan OPEC Governor Mohamed Oun said as he left the group’s headquarters in Vienna on Monday evening. The two-day meeting, a warm-up for a full OPEC meeting next week, will continue tomorrow. Oil gained 4.5 percent to $47.76 a barrel in New York on Monday, hitting a three-week high, as Goldman Sachs Group Inc. said the likelihood of a deal next week meant the bank was bullish on oil prices in the short term. “With greater confidence that the global oil market can finally shift into deficit later next year, we now believe that there is a strong rationale for low-cost producers to deliver a […]