Oil eases off four-month high as speculators doubt deal to cut output

By Karolin Schaps LONDON (Reuters) - Oil eased off four-month highs on Monday as doubts over oil producers reaching a meaningful output cut deal brought some speculators to unwind bullish bets. The Organization of the Petroleum Exporting Countries (OPEC) plans to agree on an output cut by the time it meets in late November. Saudi Arabia's Energy Minister Khalid al-Falih said on Monday that OPEC should not cut oil supply too steeply, already hinting at milder market intervention.