UPDATE 11-Oil up first time in 8 weeks on China rate cut, OPEC expectations

UPDATE 11-Oil up first time in 8 weeks on China rate cut, OPEC expectations

… * Brent returns to above $80/bbl, U.S. crude above $76. * China's first rate cut in 2 years helped spark rally. * Expectations grow for OPEC production cut at Nov. 27 meet (Recasts with closing prices, weekly changes). By Barani Krishnan. NEW YORK

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