Oil futures gained Tuesday ahead of the Thanksgiving holiday and a meeting next week of major oil producers to discuss a possible extension of output cuts. Light, sweet crude for January delivery rose 41 cents, or 0.7%, to $56.83 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, advanced 35 cents, or 0.6%, to $62.57 a barrel. The market has benefited from expectations that the Organization of the Petroleum Exporting Countries will extend a deal to reduce production and bring down global supply. Prices also received a small boost from the partial shutdown of TransCanada ’s Keystone pipeline after an oil spill last week, analysts said. “It is still in the range that we have seen last week. We have the Thanksgiving holidays and some supply disruptions that offer a bit of support,” said Olivier Jakob, managing director at oil consultancy Petromatrix. OPEC will meet with […]