Oil prices saw significant gains on Friday following a week of bullish news and though the OPEC meeting is still a week away, analysts are optimistic and the market is anticipating an extension of the cartel’s production cut. ( Oil prices rose sharply in early trading on Friday on renewed optimism around an OPEC cut, which came a few days after news that the Keystone pipeline would remain mostly offline for a few weeks. Also, the EIA data from mid-week showed an unexpected inventory decline. Taken together, the news meant that oil bulls were on the march at the close of the week. Keystone spill pushes up oil prices. TransCanada (NYSE: TRP) said that its Keystone pipeline would be offline for weeks, cutting crude deliveries through the 590,000-bpd […]