Oil prices rose nearly 2% on Thursday following a Reuters report that OPEC and its allies are likely to extend output cuts until mid-2020, while fresh signs emerged that China had invited U.S. trade negotiators for a new round of talks. Brent crude LCOc1 was up 97 cents, or 1.6%, at $63.37 a barrel by 11:45 a.m. ET (1645 GMT), while West Texas Intermediate (WTI) crude CLc1 rose 98 cents, or 1.7%, to $57.99. U.S. crude futures touched a session high of $58.28 a barrel and Brent climbed to a high of $63.78, both the highest since Sept. 24. To support oil prices, the Organization of the Petroleum Exporting Countries and its allies are likely to extend output cuts to June when they meet next month, according to […]