Oil prices may finally have stabilized, but hurdles to further gains remain. After more than two years of a crude glut that drove prices to decade lows, analysts and industry executives see supply and demand of oil rebalancing next year. A deal between the Organization of the Petroleum Exporting Countries and other heavyweight producers to cut around 2% from global production in 2017 is expected to push prices close to $60 a barrel, a level not seen since the summer of 2015. Market watchers expect prices to stay volatile, however, given OPEC members and other producers often haven’t followed through on similar agreements in the past. Higher prices may also encourage U.S. drillers to ramp up output, while a slowdown in global demand for crude could curb any rally, analysts say. On Friday, West […]