Oil prices gained Friday after a week of losses, on fresh signs that Saudi Arabia plans to back an extension of OPEC’s deal to curb global production. Light, sweet crude for December delivery rose $1.41, or 2.6%, to $56.55 a barrel on the New York Mercantile Exchange, snapping a three-session losing streak. Brent, the global benchmark, advanced $1.36, or 2.2%, to $62.72 a barrel. On Thursday, Saudi Arabia’s energy minister Khalid al-Falih reiterated the country’s commitment to the deal, saying that further production cuts are necessary to continue rebalancing the market. “This isn’t a parsed statement, this is clear-cut and pretty unequivocal,” said John Saucer, vice president of research and analysis at Mobius Risk Group. “It wiped away doubts.” Saudi Arabian Energy and Industry Minister Khalid al-Falih Photo: lisi niesner/European Pressphoto Agency Many traders are anticipating that the Organization of the Petroleum Exporting Countries and other major producers will […]