Oil prices settled higher on Friday after hitting three-year highs, with crude also posting a weekly gain as a weaker U.S. dollar underpinned prices. Brent crude futures settled up 10 cents, or 0.1 percent, at $70.52 per barrel after hitting a session high of $70.83. On Thursday, the contract climbed to as high as $71.28, its highest since 2014. U.S. West Texas Intermediate (WTI) crude futures closed at $66.14 a barrel, up 63 cents, or nearly 1 percent. On Thursday, they also reached their highest since December 2014, at $66.66. Brent posted a nearly 2.7 percent weekly gain, while WTI reached a weekly gain of 4.3 percent. “Technically, crude is a little overbought but it’s not causing a huge sell-off right now,” said Mike Sabo, senior market strategist at RJO Futures in Chicago. Both contracts strengthened after support from a weakening dollar, which hit three-year lows […]