Oil, metals post stellar 2016 gains on output cuts, demand hopes

By Naveen Thukral and Mark Tay SINGAPORE (Reuters) - Crude oil, rubber and metals were set to end 2016 on Friday with strong gains, bouncing back from several years of losses on the back of output cuts and expectations of firmer demand. Benchmark zinc, steel rebar and rubber have all rallied around 60 percent this year, while Brent crude has climbed more than 50 percent. Crude oil output cuts announced by OPEC, stronger-than-expected demand in top commodities market China and expectations of hig