Oil prices rise on Saudi optimism over OPEC deal

By Christopher Johnson LONDON (Reuters) - Oil prices rose on Thursday as expectations of an OPEC deal to limit production outweighed growing evidence of global oversupply and rising inventories, particularly in the United States. Saudi Energy Minister Khalid al-Falih said on Thursday he was optimistic OPEC would formalise a preliminary oil output deal reached in Algeria in September. U.S. crude inventories rose by 5.3 million barrels in the week to Nov. 11, well above forecasts of an increase of