Reuters | Oil prices gain as IEA says it sees production cuts Reuters LONDON Brent crude was on track for its third weekly gain on Friday, supported by an optimistic report from the International Energy Agency (IEA) that said the market may have reached its bottom. Still, analysts cautioned that a large glut of oil ... US oil settles down 45 cents, or 1.18 pct, at $37.84 a barrel Oil prices end lower with meeting on output freeze in doubt Why, look: It's an oil price-rigging revival |