Crude futures were steady Monday on a stronger dollar, another weekly U.S. oil-rig count rise and market belief that any momentum gained from OPEC’s agreement to cut production has now been priced in. The November contract for global benchmark Brent crude was down 0.04% at $51.91 a barrel, while its U.S. counterpart West Texas Intermediate fell 0.3% to $50.20 for November deliveries. Morgan Stanley MS 1.07 % said in a note that positive sentiment has been engulfing the market since the announcement to cut crude output from the Organization of the Petroleum Exporting Countries was made in September. It added that this alone should be enough to keep prices in the $48-$53 a barrel bracket until the official meeting takes place in Vienna on Nov. 30. Some observers said that while short-term support for the oil market will come from the… Commerzbank CRZBY 1.45 % pointed to the growing […]