Oil prices were little changed on Friday after gaining nearly 1 percent the day before on news that Saudi Arabia had cut production to meet OPEC’s agreement to reduce output. Saudi Arabia has been curbing oil output in January by at least 486,000 barrels per day (bpd) to 10.058 million bpd, fully implementing OPEC’s agreement to slow production, according to a Gulf source familiar with Saudi oil policy. NYMEX crude for February delivery was down 7 cents at $53.69 a barrel by 0016 GMT, after closing up 50 cents on Thursday. For the week, the contract is likely to be largely steady. London Brent crude for March delivery was yet to trade after settling up 43 cents at $56.89 a barrel. Prices had fallen earlier on Thursday after data showed […]