Oil futures wavered Tuesday amid uncertainty about global oil supplies ahead of a meeting among major producers next month to discuss freezing production. Light, sweet crude for May delivery settled down 7 cents, or 0.2%, at $41.45 a barrel on the New York Mercantile Exchange. The May contract is the new front-month contract as of Tuesday, and Tuesday’s settlement price is the highest front-month closing price since Dec. 1. Brent, the global benchmark, rose 25 cents, or 0.6%, to $41.79 a barrel on ICE Futures Europe, the highest settlement since Dec. 4. Prices have surged in recent weeks due to supply outages in Nigeria and Iraq, talk among major oil-producing nations about an agreement to freeze output and expectations of continued declines in U.S. production. However, some analysts have warned that the rally could halt at around $40 a barrel, because that is a level at which some U.S. […]