Reuters | Oil at one-month high, supply-cut extension expected Reuters NEW YORK Oil prices rose on Friday, closing out a second week of gains on growing expectations that OPEC and other producing countries will agree next week to extend output cuts. Brent crude LCOc1 settled up $1.10, or 2.1 percent, at $53.61, the ... OPEC panel looking at deepening, extending oil cuts: Sources Oil ends above $50 for the first time in a month Full tanks and tankers: a stubborn oil glut despite OPEC cuts |