Oil markets took a breather in Asian trade Friday and stayed in positive territory, stemming further losses, but traders were still wary of calling a bottom. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at $82.99 a barrel at 0501 GMT, up $0.29 in the Globex electronic session. December Brent crude on London’s ICE Futures exchange rose $0.62 to $86.44 a barrel. “We expect today’s increase in prices to be just an adjustment to the recent drop in oil prices earlier in the week, and thus, unlikely to continue,” Daniel Ang, analyst at Phillip Futures said. He expects Nymex WTI crude to hover around $80 a barrel for a while and Brent to remain sticky at the $83 level. Investors are waiting for the meeting of the Organization of the Petroleum Exporting Countries in Vienna next month for guidance […]