Oil prices wavered between gains and losses Tuesday on uncertainty about how long the global glut of crude will persist. Light, sweet crude for November delivery settled down 34 cents, or 0.7%, at $45.55 a barrel on the New York Mercantile Exchange. The November contract expired at settlement Tuesday. The more actively traded December contract rose a penny to $46.29 a barrel. Traders are looking to the OPEC meeting on Wednesday. Brent, the global benchmark, rose 10 cents, or 0.2%, to $48.71 a barrel on ICE Futures Europe. The market has lacked clear direction in recent weeks as traders weigh near-term signs of a large oversupply of crude oil against expectations that falling U.S. production and growing demand will help bring supply and demand back into balance. Since the start of October, U.S. oil prices have settled up six times and settled down eight times. “It’s just been incredibly […]