Oil held gains near the highest level since July 2015 as market focus shifts to U.S. crude stockpile and production data after OPEC and other nations agreed to coordinated output cuts. Futures were little changed in New York after gaining 2.6 percent Monday as Saudi Arabia signaled it’s prepared to cut more than initially agreed and 10 other non-OPEC producers joined Russia in committing to a reduction. U.S. crude stockpiles probably fell last week, trimming an inventory overhang that’s at the highest seasonal level in more than three decades. Global oil markets will swing from surplus to deficit in the first half of 2017 as OPEC and others cut supply, the International Energy Agency said in a report Tuesday. Oil has gained about 17 percent since the members of the Organization of Petroleum Exporting Countries agreed Nov. 30 to trim output for the first time in eight years. The […]