Oil futures fell Friday as investors cashed in their recent gains and skepticism grew over a tentative agreement to cut production among members of the Organization of the Petroleum Exporting Countries. Brent crude, the global oil benchmark, fell 1.3% to $49.14 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 1.2% at $47.26 a barrel. Oil prices had risen more than 7% in the previous two sessions after OPEC members caught the market off-guard by reaching a preliminary agreement to slash the group’s output to between 32.5 million and 33 million barrels a day, from 33.2 million barrels a day in August. A more definitive policy, including production caps for individual members, will be discussed and possibly ratified at OPEC’s next meeting on Nov. 30 in Vienna. After the initial knee-jerk rally, doubts have settled in as to […]