Oil prices rose more than 2% on Thursday to the highest in nearly two months following a Reuters report that OPEC and its allies are likely to extend output cuts until mid-2020 and fresh signs that China had invited U.S. trade negotiators for a new round of talks. Brent crude LCOc1 was up $1.48, or 2.4%, at $63.88 a barrel by 2:00 p.m. ET (1900 GMT), while West Texas Intermediate (WTI) crude CLc1 rose $1.44, or 2.5%, to $58.45. WTI touched a session high of $58.51 a barrel, the highest since Sept. 23 and Brent climbed to a high of $63.91, 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 […]