Oil prices ticked higher on Friday after Saudi Arabia said it would work with other oil producers to stabilize prices, a comment interpreted by some to mean the world’s biggest oil producer could support a collective production cap. The comment by Saudi Arabia’s energy minister, Kahlid al-Falih, boosted oil prices by more than 4% overnight to a three-week high. “This has most likely caused some investors to close out their recent bearish bets, pushing prices higher,” ANZ Research said. Brent crude, the global oil benchmark, rose 0.1% Friday morning to $46.10 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.4% at $43.66 a barrel. Prices have been largely flat recently as traders and analysts were divided on what major producers, especially those within the Organization of the Petroleum Exporting Countries, would do to rebalance the oil market. […]