Oil prices steadied on Thursday as markets recovered from their initial shock at U.S. President-elect Donald Trump’s surprise victory, but investors were cautious ahead of a key OPEC meeting to decide on production. Most markets shook off post-election losses and bounced back on Thursday. But the oil market is heavily oversupplied and investors are focusing on a gathering of the Organization of the Petroleum Exporting Countries on Nov. 30, which may lead to output cuts. Brent crude was up 10 cents at $46.46 a barrel by 0920 GMT. U.S. light crude was down 10 cents at $45.17. “If no agreement is reached and some individual members continue to expand their production then the market will remain in surplus throughout the year, with little prospect of oil prices rising significantly higher,” the International Energy […]