Oil prices rose for a third straight day on Friday, after OPEC’s agreement to cut output for the first time in eight years. U.S. crude futures rose 62 cents, or 1.21%, to $51.62 a barrel on the New York Mercantile Exchange, its highest settlement since July, 2015. Brent, the global benchmark, gained 52 cents, or 0.96%, to $54.46 on London’s ICE Futures Exchange. Crude prices have surged since the Organization of the Petroleum Exporting Countries agreed to pull back their output by 1.2 million barrels a day. “At this point I don’t think too many people are willing to stand in front of it,” said Ric Navy, senior vice president for energy futures at RJ O’Brien & Associates. Oil’s advances stalled overnight, however, with U.S. crude futures pulling back to $50.18 as investors took profits following the dramatic rally. But crude prices resumed their march higher later, as the […]